102 SE 3rd StGilmore CityIA50541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gilmore City at 102 SE 3rd St, Gilmore City, IA, 50541 generates $1,560/mo in rent and, after a $1,077/mo payment, leaves $131/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $1,572/yr on $72,930 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 8.51% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 114.8% and total cumulative return in cash sums $83,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50541, Gilmore City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 265 (69.9%) |
| Renter Occupied HU | 64 (16.9%) |
| Vacant Housing Units | 50 (13.2%) |
| Median Home Value | $145,833 |
| Average Home Value | $204,311 |
Housing Distribution
Address Breakdown
Residential
230
Single Family
230
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula S Skow • Thompson Real Estate
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333793