203 SW Mills StGreenfieldIA50849
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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 Greenfield at 203 SW Mills St, Greenfield, IA, 50849 uses $41,438 cash to close to unlock $8,028/yr annual cash flow and $669/mo monthly cash flow. Total monthly income runs $1,481/mo, and a $612/mo payment keeps the spread at $669/mo. Purchase price stands at $125,000, and rental yield measures 14.22% with $1,481/mo rent. Return on cash invested shows 39.28% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 207.1% and total cumulative return in cash records $85,817. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,481/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1892
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50849, Greenfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 877 (66.3%) |
| Renter Occupied HU | 362 (27.4%) |
| Vacant Housing Units | 84 ( 6.3%) |
| Median Home Value | $151,446 |
| Average Home Value | $176,197 |
Housing Distribution
Address Breakdown
Residential
1,229
Single Family
1,194
Multi-Family
35
Businesses
143
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Listed by: OUTSIDE AGENT • OTHER
Mls Name: DMMLS
Mls Provider:
Mls ID: #723122
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.