115 W Pinehurst DrEldridgeIA52748
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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 Eldridge at 115 W Pinehurst Dr, Eldridge, IA, 52748 priced at $400,000 pairs $2,749/mo rent with $51/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,749/mo, and annual cash flow comes to $612/yr on $132,600 invested. Return on cash invested is 20.37% in year one, and rental yield stands at 8.25% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 106.04% and total cumulative return in cash reaches $140,608. For financing, Ziffy Mortgage’s DSCR program evaluates $2,749/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2018
6,534 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
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Listed by: Peg Hopkins • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263876
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.