1308 Southridge DrHarlanIA51537
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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 Harlan at 1308 Southridge Dr, Harlan, IA, 51537 offers a 2.58% rental yield on a $334,900 purchase with $720/mo rent. 38% in year one. Equity gained on principal adds $2,161/yr while 5% annual appreciation supports $92,527 over five years. Portfolio math shows five-year ROI at 9.91% and total cumulative return in cash at $11,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $1,639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
0.28 Acres lot
$N/A/sqft
$500 quarterly HOA
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Listed by: Randy Ouren • Ouren Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327447
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