1310 Summer StBurlingtonIA52601
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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 1310 Summer St, Burlington, IA, 52601 offers a 9.4% rental yield on a $136,000 purchase with $1,065/mo rent. Total monthly income registers $1,065/mo, and a $666/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,177/yr on $45,084 to close, and return on cash invested stands at 24.74% in year one. Equity gained on principal adds $878/yr while 5% annual appreciation supports $37,574 over five years. Portfolio math shows five-year ROI at 129.2% and total cumulative return in cash at $58,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,065/mo property income against a $666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3,760 sqft 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: Kimberly Schillig • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls ID: #202505298