1344 Spring Ridge Ct NESwisherIA52338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Swisher at 1344 Spring Ridge Ct NE, Swisher, IA, 52338 offers a 6.55% rental yield on a $995,000 purchase with $5,429/mo rent. 27% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 83.71% and total cumulative return in cash at $274,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,429/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
1.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52338, Swisher, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,386 (100%) |
| Owner Occupied HU | 1,234 (89.0%) |
| Renter Occupied HU | 103 ( 7.4%) |
| Vacant Housing Units | 49 ( 3.5%) |
| Median Home Value | $389,028 |
| Average Home Value | $479,510 |
Housing Distribution
Address Breakdown
Residential
1,191
Single Family
1,191
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices