1635 Ranmar DrElyIA52227
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
Investment property for sale in Ely at 1635 Ranmar Dr, Ely, IA, 52227 at $479,000 posts ROI 25.82% with $782/mo cash flow from $3,892/mo rent. Total monthly income equals $3,892/mo, and annual cash flow records $9,379/yr on $158,789 to close. Return on cash invested measures 25.82% and rental yield reads 9.75% at the current $479,000. Equity gained on principal adds $3,091/yr, and 5% annual appreciation supports $132,339 by year five. Five-year ROI prints 134.91% and total cumulative return in cash totals $214,227.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,892/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52227, Ely, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 996 (80.8%) |
| Renter Occupied HU | 175 (14.2%) |
| Vacant Housing Units | 61 ( 5.0%) |
| Median Home Value | $348,160 |
| Average Home Value | $409,026 |
Housing Distribution
Address Breakdown
Residential
1,063
Single Family
996
Multi-Family
67
Businesses
51
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Listed by: Jeremy Trenkamp • Coldwell Banker Hedges Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502312
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.