108 W Logan StCaseyIA50048
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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
Investment property for sale in Casey at 108 W Logan St, Casey, IA, 50048 offers a 12.38% rental yield on a $127,500 purchase with $1,315/mo rent. Total monthly income registers $1,315/mo, and a $624/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,844/yr on $42,266 to close, and return on cash invested stands at 33.74% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 177.38% and total cumulative return in cash at $74,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,315/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50048, Casey, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 427 (100%) |
| Owner Occupied HU | 311 (72.8%) |
| Renter Occupied HU | 56 (13.1%) |
| Vacant Housing Units | 60 (14.1%) |
| Median Home Value | $218,243 |
| Average Home Value | $283,143 |
Housing Distribution
Address Breakdown
Residential
307
Single Family
307
Multi-Family
0
Businesses
27
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Listed by: Judy Wedemeyer • Wedemeyer Auction and Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #721909
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.