117 Ramsey StWest BurlingtonIA52655
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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 West Burlington at 117 Ramsey St, West Burlington, IA, 52655 uses $52,874 cash to close to unlock $454/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $1,074/mo, and a $781/mo payment keeps the spread at $38/mo. Purchase price stands at $159,500, and rental yield measures 8.08% with $1,074/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $44,067 over five years. Five-year ROI reaches 107.85% and total cumulative return in cash records $57,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $781/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52655, West Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,343 (63.5%) |
| Renter Occupied HU | 549 (26.0%) |
| Vacant Housing Units | 223 (10.5%) |
| Median Home Value | $186,071 |
| Average Home Value | $255,201 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,761
Multi-Family
186
Businesses
302
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Listed by: A.J. Brown • Davis County Realtors
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334726