1309 Glendale AveAmesIA50010
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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 Ames at 1309 Glendale Ave, Ames, IA, 50010 at $295,000 posts ROI 22.58% with $218/mo cash flow from $2,134/mo rent. Total monthly income equals $2,134/mo, and annual cash flow records $2,616/yr on $97,793 to close. Return on cash invested measures 22.58% and rental yield reads 8.68% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 117.58% and total cumulative return in cash totals $114,986.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,134/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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Listed by: Abigail Jennings • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #67019
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.