140 Alan Ave SW UNIT A, Swisher, IA, 52338 | $195/mo Cash Flow

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Price: $300K - 500K

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Home Type: Single Family

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140 Alan Ave SW UNIT A, Swisher, IA, 52338 | $195/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Swisher at 140 Alan Ave SW UNIT A, Swisher, IA, 52338 offers a 8.6% rental yield on a $289,999 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,419/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,340/yr on $96,135 to close, and return on cash invested stands at 22.34% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,121 over five years. Portfolio math shows five-year ROI at 116.29% and total cumulative return in cash at $111,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2015

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful fenced in yard condo in the highly desired Swisher, with a walk out basement. In between Cedar Rapids and Iowa city. 2 bedroom 2.5 baths, huge brand new Fireplace. Granite kitchen counters, bar area in kitchen. High end vinyl through out the upstairs. Lower level is completely finished with family room, bathroom and huge storage room. The floors in lower level are beautiful ceramic planks. Two stall garage, beautiful views of sunset off Your deck. The back yard over looks fields that wont be built on behind you. A lot of country living but close to the city. This is an end unit with a huge side yard. No neighbors will ever be beside you. Huge front yard and a very nice community . Located in the desirable College Community School District. Bus pick ups on Alan Ave. Loan maybe be transferred to a 2.4% finance. There are stipulations With this loan. This home has an alarm system through out the entire condo upstairs and down. The laundry room is on main level for Your convenience. This condo is only 9 years old. These numbers as far as square footage etc are close guesstimates. Give us a call at 319-471-3933. Please call or text, maybe easier to text for a faster reply.

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