2115 Rake AveGarnerIA50438
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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 Garner at 2115 Rake Ave, Garner, IA, 50438 uses $81,218 cash to close to unlock $1,164/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $1,199/mo payment keeps the spread at $97/mo. Purchase price stands at $245,000, and rental yield measures 8.27% with $1,688/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 110.92% and total cumulative return in cash records $90,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4.95 Acres lot
$N/A/sqft
No HOA
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Listed by: Court Christianson • Jaspersen Ins. & Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320298
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