1803 61st StGarrisonIA52229
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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 Garrison at 1803 61st St, Garrison, IA, 52229 listed at $275,000 pairs $1,577/mo rent with a $1,346/mo payment. Total monthly income runs $1,577/mo. Return on cash invested measures 17.16% in year one, and rental yield registers 6.88% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 88.47% and total cumulative return in cash totals $80,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,577/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52229, Garrison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 224 (75.4%) |
| Renter Occupied HU | 43 (14.5%) |
| Vacant Housing Units | 30 (10.1%) |
| Median Home Value | $236,842 |
| Average Home Value | $269,397 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
12
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Listed by: Eric Ockenfels • Johnson Real Estate
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2403658
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.