216-218 S Franklin Ave, Ames, IA, 50014 | 5.82% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ames at 216-218 S Franklin Ave, Ames, IA, 50014 generates $1,260/mo in rent, after a $1,272/mo payment. Total monthly income is $1,260/mo. Return on cash invested sits at 13.95% in year one, and rental yield is 5.82% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 71.34% and total cumulative return in cash sums $61,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.

Multi Family

Built in 1982

7,405 sqft lot

$N/A/sqft

No HOA