121 Harrison AveBurlingtonIA52601
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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 Burlington at 121 Harrison Ave, Burlington, IA, 52601 uses $58,013 cash to close to unlock $5,508/yr annual cash flow and $459/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $857/mo payment keeps the spread at $459/mo. Purchase price stands at $175,000, and rental yield measures 10.94% with $1,596/mo rent. Return on cash invested shows 29.4% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 154.16% and total cumulative return in cash records $89,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.31 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: Diane E Kroll • RE/MAX Real Estate Specialists
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6318536
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.