11617 Plank RdBurlingtonIA52601
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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 Burlington at 11617 Plank Rd, Burlington, IA, 52601 generates $1,453/mo in rent and, after a $1,067/mo payment, leaves $37/mo in cash flow. Total monthly income is $1,453/mo, and annual cash flow is $444/yr on $72,300 invested. Return on cash invested sits at 20.52% in year one, and rental yield is 7.99% on a $218,100 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,257 over five years. Five-year ROI reaches 106.59% and total cumulative return in cash sums $77,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,453/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
12.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52601, Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 8,253 (59.1%) |
| Renter Occupied HU | 3,917 (28.0%) |
| Vacant Housing Units | 1,796 (12.9%) |
| Median Home Value | $158,166 |
| Average Home Value | $212,426 |
Housing Distribution
Address Breakdown
Residential
12,682
Single Family
11,980
Multi-Family
702
Businesses
1,151
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Listed by: N/A • N/A
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