212 South StMartelleIA52305
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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 Martelle at 212 South St, Martelle, IA, 52305 priced at $145,000 converts $1,046/mo rent into $104/mo cash flow after a $710/mo obligation. Total monthly income equals $1,046/mo, and annual cash flow totals $1,248/yr on $48,068 invested. Return on cash invested prints 22.51% in year one, and rental yield reads 8.66% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 117.18% and total cumulative return in cash sums $56,324. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,046/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52305, Martelle, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 264 (100%) |
| Owner Occupied HU | 227 (86.0%) |
| Renter Occupied HU | 19 ( 7.2%) |
| Vacant Housing Units | 18 ( 6.8%) |
| Median Home Value | $322,115 |
| Average Home Value | $358,051 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
10
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Listed by: Holly Kreger • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501866
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.