156 Hickory Ridge DrGlenwoodIA51534
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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 Glenwood at 156 Hickory Ridge Dr, Glenwood, IA, 51534 priced at $509,000 pairs $3,720/mo rent with $415/mo cash flow after a $2,491/mo payment. Total monthly income equals $3,720/mo, and annual cash flow comes to $4,975/yr on $167,461 invested. Return on cash invested is 23.03% in year one, and rental yield stands at 8.77% on a $509,000 basis. Equity gained on principal adds $3,285/yr, and 5% annual appreciation accumulates to $140,627 by year five. Five-year ROI measures 119.96% and total cumulative return in cash reaches $200,881. For financing, Ziffy Mortgage’s DSCR program evaluates $3,720/mo property income against a $2,491/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51534, Glenwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,710 (71.4%) |
| Renter Occupied HU | 742 (19.5%) |
| Vacant Housing Units | 346 ( 9.1%) |
| Median Home Value | $262,868 |
| Average Home Value | $330,174 |
Housing Distribution
Address Breakdown
Residential
3,620
Single Family
3,603
Multi-Family
17
Businesses
225
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