1108 High Ridge TrlSolonIA52333
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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 Solon at 1108 High Ridge Trl, Solon, IA, 52333 uses $200,690 cash to close to unlock $2,844/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $4,199/mo, and a $2,986/mo payment keeps the spread at $237/mo. Purchase price stands at $610,000, and rental yield measures 8.26% with $4,199/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash records $223,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,199/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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