15417 Hammontree DrUrbandaleIA50323
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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
Rental property for sale in Urbandale at 15417 Hammontree Dr, Urbandale, IA, 50323 generates $2,236/mo in rent and, after a $1,194/mo payment, leaves $417/mo in cash flow. Total monthly income is $2,236/mo, and annual cash flow is $4,999/yr on $80,886 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 11% on a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 137.66% and total cumulative return in cash sums $111,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,236/mo property income rather than buyer’s personal income.
Condo
Built in 2003
1,568 sqft lot
$N/A/sqft
$235 monthly 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
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Listed by: Reeder, Charles • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #719787
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.