1045 Ironwood AveElliottIA51532
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 Elliott at 1045 Ironwood Ave, Elliott, IA, 51532 generates $2,034/mo in rent, after a $1,835/mo payment. Total monthly income is $2,034/mo. Return on cash invested sits at 16.04% in year one, and rental yield is 6.51% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 82.47% and total cumulative return in cash sums $102,519. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1870
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51532, Elliott, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 232 (78.1%) |
| Renter Occupied HU | 42 (14.1%) |
| Vacant Housing Units | 23 ( 7.7%) |
| Median Home Value | $164,130 |
| Average Home Value | $213,459 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices