144 E Gilbert DrElk Run HeightsIA50707
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 Elk Run Heights at 144 E Gilbert Dr, Elk Run Heights, IA, 50707 offers $996/mo rent that, after a $499/mo payment, leaves $334/mo cash flow. Total monthly income is $996/mo, and annual cash flow is $4,008/yr on $33,780 cash. Return on cash invested measures 31.77% in year one, and rental yield stands at 11.73% at a $101,899 entry. Equity gained on principal adds $658/yr while 5% annual appreciation compounds into $28,153 by year five. Five-year ROI records 166.86% and total cumulative return in cash reaches $56,364. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $996/mo property income versus a $499/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
10,454 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betty M Wroe • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20243208
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.