214 Walnut DrMartensdaleIA50160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Martensdale at 214 Walnut Dr, Martensdale, IA, 50160 priced at $259,900 pairs $2,058/mo rent with $370/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,058/mo, and annual cash flow comes to $4,442/yr on $86,157 invested. Return on cash invested is 25.06% in year one, and rental yield stands at 9.5% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 130.95% and total cumulative return in cash reaches $112,822. For financing, Ziffy Mortgage’s DSCR program evaluates $2,058/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50160, Martensdale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 163 (81.5%) |
| Renter Occupied HU | 27 (13.5%) |
| Vacant Housing Units | 10 ( 5.0%) |
| Median Home Value | $324,194 |
| Average Home Value | $382,853 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Noethe • Iowa Realty Indianola
Mls Name: DMMLS
Mls ID: #726021