115 Howard StAlburnettIA52202
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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
Rental property for sale in Alburnett at 115 Howard St, Alburnett, IA, 52202 generates $1,720/mo in rent and, after a $1,101/mo payment, leaves $259/mo in cash flow. Total monthly income is $1,720/mo, and annual cash flow is $3,110/yr on $74,554 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 9.18% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 125.68% and total cumulative return in cash sums $93,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52202, Alburnett, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 479 (100%) |
| Owner Occupied HU | 398 (83.1%) |
| Renter Occupied HU | 50 (10.4%) |
| Vacant Housing Units | 31 ( 6.5%) |
| Median Home Value | $300,787 |
| Average Home Value | $323,317 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
296
Multi-Family
4
Businesses
31
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Listed by: Nick Polum • Century 21 Signature Real Estate
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406772
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.