1508 Elder DrMarshalltownIA50158
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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 Marshalltown at 1508 Elder Dr, Marshalltown, IA, 50158 at $167,000 posts ROI 31.31% with $526/mo cash flow from $1,610/mo rent. Total monthly income equals $1,610/mo, and annual cash flow records $6,310/yr on $55,361 to close. Return on cash invested measures 31.31% and rental yield reads 11.57% at the current $167,000. Equity gained on principal adds $1,078/yr, and 5% annual appreciation supports $46,139 by year five. Five-year ROI prints 164.38% and total cumulative return in cash totals $90,999.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,610/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50158, Marshalltown, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,070 (100%) |
| Owner Occupied HU | 8,290 (63.4%) |
| Renter Occupied HU | 3,581 (27.4%) |
| Vacant Housing Units | 1,199 ( 9.2%) |
| Median Home Value | $154,025 |
| Average Home Value | $199,295 |
Housing Distribution
Address Breakdown
Residential
12,506
Single Family
11,272
Multi-Family
1,234
Businesses
916
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Listed by: Connie M Mogard • Friedrich Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327168
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.