1008 Gales AveManchesterIA52057
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Manchester at 1008 Gales Ave, Manchester, IA, 52057 priced at $192,000 converts $2,066/mo rent into $792/mo cash flow after a $940/mo obligation. Total monthly income equals $2,066/mo, and annual cash flow totals $9,499/yr on $63,648 invested. Return on cash invested prints 34.83% in year one, and rental yield reads 12.91% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 183.49% and total cumulative return in cash sums $116,788. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,066/mo property income covering a $940/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52057, Manchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,586 (69.9%) |
| Renter Occupied HU | 837 (22.6%) |
| Vacant Housing Units | 274 ( 7.4%) |
| Median Home Value | $175,820 |
| Average Home Value | $261,470 |
Housing Distribution
Address Breakdown
Residential
3,632
Single Family
3,379
Multi-Family
253
Businesses
345
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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