2035 355th AveFarragutIA51639
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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 Farragut at 2035 355th Ave, Farragut, IA, 51639 generates $2,872/mo in rent, after a $3,079/mo payment. Total monthly income is $2,872/mo. Return on cash invested sits at 13.02% in year one, and rental yield is 5.48% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 66.3% and total cumulative return in cash sums $137,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,872/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
5.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51639, Farragut, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 291 (72.7%) |
| Renter Occupied HU | 76 (19.0%) |
| Vacant Housing Units | 33 ( 8.2%) |
| Median Home Value | $158,214 |
| Average Home Value | $259,304 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
13
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