215 N 3rd AveLoganIA51546
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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 Logan at 215 N 3rd Ave, Logan, IA, 51546 offers $1,368/mo rent that, after a $1,101/mo payment. Total monthly income is $1,368/mo. Return on cash invested measures 18.41% in year one, and rental yield stands at 7.3% at a $224,900 entry. Equity gained on principal adds $1,451/yr while 5% annual appreciation compounds into $62,136 by year five. Five-year ROI records 95.29% and total cumulative return in cash reaches $71,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,368/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51546, Logan, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,242 (100%) |
| Owner Occupied HU | 881 (70.9%) |
| Renter Occupied HU | 247 (19.9%) |
| Vacant Housing Units | 114 ( 9.2%) |
| Median Home Value | $212,421 |
| Average Home Value | $255,352 |
Housing Distribution
Address Breakdown
Residential
1,148
Single Family
1,129
Multi-Family
19
Businesses
96
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