111 N Chestnut StGlenwoodIA51534
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 Glenwood at 111 N Chestnut St, Glenwood, IA, 51534 priced at $310,000 converts $2,328/mo rent into $315/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,328/mo, and annual cash flow totals $3,780/yr on $102,765 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.01% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 122.94% and total cumulative return in cash sums $126,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,328/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51534, Glenwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,710 (71.4%) |
| Renter Occupied HU | 742 (19.5%) |
| Vacant Housing Units | 346 ( 9.1%) |
| Median Home Value | $262,868 |
| Average Home Value | $330,174 |
Housing Distribution
Address Breakdown
Residential
3,620
Single Family
3,603
Multi-Family
17
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices