188 1st StGilbertIA50105
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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 Gilbert at 188 1st St, Gilbert, IA, 50105 offers $2,346/mo rent that, after a $1,713/mo payment, leaves $73/mo cash flow. Total monthly income is $2,346/mo, and annual cash flow is $876/yr on $116,025 cash. Return on cash invested measures 20.66% in year one, and rental yield stands at 8.04% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 107.28% and total cumulative return in cash reaches $124,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,346/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1972
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50105, Gilbert, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 416 (82.9%) |
| Renter Occupied HU | 73 (14.5%) |
| Vacant Housing Units | 13 ( 2.6%) |
| Median Home Value | $318,919 |
| Average Home Value | $347,049 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
49
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Listed by: Collin Fett • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #66908
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.