14036 Ridgemont DrUrbandaleIA50323
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
Rental property for sale in Urbandale at 14036 Ridgemont Dr, Urbandale, IA, 50323 generates $1,520/mo in rent, after a $1,957/mo payment. Total monthly income is $1,520/mo. Return on cash invested sits at 10.16% in year one, and rental yield is 4.56% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 50.99% and total cumulative return in cash sums $67,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,520/mo property income rather than buyer’s personal income.
Condo
Built in 2017
2,352 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50323, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,564 (100%) |
| Owner Occupied HU | 5,486 (83.6%) |
| Renter Occupied HU | 803 (12.2%) |
| Vacant Housing Units | 275 ( 4.2%) |
| Median Home Value | $452,309 |
| Average Home Value | $516,808 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,582
Multi-Family
119
Businesses
393
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices