118 McCarren DrManchesterIA52057
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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 Manchester at 118 McCarren Dr, Manchester, IA, 52057 priced at $120,000 converts $923/mo rent into $144/mo cash flow after a $587/mo obligation. Total monthly income equals $923/mo, and annual cash flow totals $1,728/yr on $39,780 invested. Return on cash invested prints 24.25% in year one, and rental yield reads 9.23% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 126.5% and total cumulative return in cash sums $50,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $923/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1974
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52057, Manchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,586 (69.9%) |
| Renter Occupied HU | 837 (22.6%) |
| Vacant Housing Units | 274 ( 7.4%) |
| Median Home Value | $175,820 |
| Average Home Value | $261,470 |
Housing Distribution
Address Breakdown
Residential
3,632
Single Family
3,379
Multi-Family
253
Businesses
345
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Listed by: Mary Kay Starks • GNB Real Estate - Manchester
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254817