1092 Walnut Ave UNIT 209RiversideIA52327
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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 209, Riverside, IA, 52327 uses $47,073 cash to close to unlock $2,050/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,093/mo, and a $695/mo payment keeps the spread at $171/mo. Purchase price stands at $142,000, and rental yield measures 9.24% with $1,093/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 126.6% and total cumulative return in cash records $59,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,093/mo property income covering a $695/mo payment rather than investor’s personal income.
Condo
Built in 2008
2,613 sqft 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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