15 Pleasant Hl #1SwisherIA52338
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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 Swisher at 15 Pleasant Hl #1, Swisher, IA, 52338 uses $33,150 cash to close to unlock $7,946/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $1,332/mo, and a $489/mo payment keeps the spread at $662/mo. Purchase price stands at $100,000, and rental yield measures 15.98% with $1,332/mo rent. Return on cash invested shows 43.88% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 232.23% and total cumulative return in cash records $76,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,332/mo property income covering a $489/mo payment rather than investor’s personal income.
Lot
Built in N/A
0.48 Acres lot
$N/A/sqft
$250 annually 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
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Listed by: Heather Morris • Skogman Realty Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202402817
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. Listing information is deemed reliable, but not guaranteed accurate by the MLS.