1092 Walnut Ave UNIT 117RiversideIA52327
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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 Riverside at 1092 Walnut Ave UNIT 117, Riverside, IA, 52327 offers a 9.93% rental yield on a $239,900 purchase with $1,986/mo rent. Total monthly income registers $1,986/mo, and a $1,174/mo payment leaves $428/mo available for distribution. Annual cash flow reaches $5,138/yr on $79,527 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 137.94% and total cumulative return in cash at $109,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,986/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52327, Riverside, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,393 (100%) |
| Owner Occupied HU | 1,000 (71.8%) |
| Renter Occupied HU | 293 (21.0%) |
| Vacant Housing Units | 100 ( 7.2%) |
| Median Home Value | $294,413 |
| Average Home Value | $346,665 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,098
Multi-Family
0
Businesses
70
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