109 Elm StVan HorneIA52346
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 Van Horne at 109 Elm St, Van Horne, IA, 52346 priced at $275,000 converts $2,207/mo rent into $421/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,207/mo, and annual cash flow totals $5,052/yr on $91,163 invested. Return on cash invested prints 25.45% in year one, and rental yield reads 9.63% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 132.95% and total cumulative return in cash sums $121,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,207/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52346, Van Horne, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 498 (100%) |
| Owner Occupied HU | 371 (74.5%) |
| Renter Occupied HU | 97 (19.5%) |
| Vacant Housing Units | 30 ( 6.0%) |
| Median Home Value | $198,897 |
| Average Home Value | $234,805 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
311
Multi-Family
25
Businesses
38
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