20687 Kayak CtManchesterIA52057
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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 Manchester at 20687 Kayak Ct, Manchester, IA, 52057 generates $1,589/mo in rent, after a $2,932/mo payment. Total monthly income is $1,589/mo. Return on cash invested sits at 6.05% in year one, and rental yield is 3.18% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 28.88% and total cumulative return in cash sums $56,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,589/mo property income rather than buyer’s personal income.
Townhouse
Built in 2017
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52057, Manchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,586 (69.9%) |
| Renter Occupied HU | 837 (22.6%) |
| Vacant Housing Units | 274 ( 7.4%) |
| Median Home Value | $175,820 |
| Average Home Value | $261,470 |
Housing Distribution
Address Breakdown
Residential
3,632
Single Family
3,379
Multi-Family
253
Businesses
345
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Listed by: Susie Meyer • EXIT Unlimited
Mls Name: East Central Iowa AOR
Mls ID: #153385