108 Windmill LoopCummingIA50061
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 Cumming at 108 Windmill Loop, Cumming, IA, 50061 generates $3,244/mo in rent and, after a $2,202/mo payment, leaves $57/mo in cash flow. Total monthly income is $3,244/mo, and annual cash flow is $686/yr on $149,142 invested. Return on cash invested sits at 20.37% in year one, and rental yield is 8.65% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 106.51% and total cumulative return in cash sums $158,854. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,244/mo property income rather than buyer’s personal income.
Condo
Built in 2024
2,178 sqft lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50061, Cumming, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 1,132 (91.7%) |
| Renter Occupied HU | 52 ( 4.2%) |
| Vacant Housing Units | 51 ( 4.1%) |
| Median Home Value | $489,671 |
| Average Home Value | $552,955 |
Housing Distribution
Address Breakdown
Residential
755
Single Family
755
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ludwig, Kalen N • Peoples Company
Mls Name: DMMLS
Mls Provider:
Mls ID: #691902
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.