120 Highland AveReadlynIA50668
Nearby investment properties with comparable rents
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 Readlyn at 120 Highland Ave, Readlyn, IA, 50668 priced at $169,500 pairs $1,348/mo rent with $247/mo cash flow after a $830/mo payment. Total monthly income equals $1,348/mo, and annual cash flow comes to $2,962/yr on $56,189 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 9.54% on a $169,500 basis. Equity gained on principal adds $1,094/yr, and 5% annual appreciation accumulates to $46,830 by year five. Five-year ROI measures 131.53% and total cumulative return in cash reaches $73,904. For financing, Ziffy Mortgage’s DSCR program evaluates $1,348/mo property income against a $830/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1912
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50668, Readlyn, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 447 (79.3%) |
| Renter Occupied HU | 72 (12.8%) |
| Vacant Housing Units | 45 ( 8.0%) |
| Median Home Value | $188,702 |
| Average Home Value | $225,710 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices