214 N Grant StManlyIA50456
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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 Manly at 214 N Grant St, Manly, IA, 50456 priced at $110,000 converts $1,074/mo rent into $360/mo cash flow after a $538/mo obligation. Total monthly income equals $1,074/mo, and annual cash flow totals $4,320/yr on $36,465 invested. Return on cash invested prints 31.76% in year one, and rental yield reads 11.72% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 166.74% and total cumulative return in cash sums $60,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,468 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50456, Manly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 774 (100%) |
| Owner Occupied HU | 517 (66.8%) |
| Renter Occupied HU | 149 (19.3%) |
| Vacant Housing Units | 108 (14.0%) |
| Median Home Value | $151,716 |
| Average Home Value | $219,526 |
Housing Distribution
Address Breakdown
Residential
458
Single Family
458
Multi-Family
0
Businesses
27
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Listed by: Donna J Eckard • Century 21 Preferred CL
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328385
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.