115 W 2nd StGladbrookIA50635
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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 Gladbrook at 115 W 2nd St, Gladbrook, IA, 50635 offers a 0% rental yield on a $139,000 purchase with $0/mo rent. 59% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
8,580 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50635, Gladbrook, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 565 (72.5%) |
| Renter Occupied HU | 94 (12.1%) |
| Vacant Housing Units | 120 (15.4%) |
| Median Home Value | $186,648 |
| Average Home Value | $225,376 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
337
Multi-Family
39
Businesses
29
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No similar rental properties found nearby.
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Listed by: Jay Hansen • Van Metre Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328146
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.