12251 Maffitt Lake RdCummingIA50061
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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 Cumming at 12251 Maffitt Lake Rd, Cumming, IA, 50061 offers a 4.28% rental yield on a $1,849,900 purchase with $6,600/mo rent. 53% in year one. Equity gained on principal adds $11,937/yr while 5% annual appreciation supports $511,093 over five years. Portfolio math shows five-year ROI at 47.51% and total cumulative return in cash at $284,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,600/mo property income against a $9,054/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
8.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50061, Cumming, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 1,132 (91.7%) |
| Renter Occupied HU | 52 ( 4.2%) |
| Vacant Housing Units | 51 ( 4.1%) |
| Median Home Value | $489,671 |
| Average Home Value | $552,955 |
Housing Distribution
Address Breakdown
Residential
755
Single Family
755
Multi-Family
0
Businesses
35
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