218 16th StAmesIA50010
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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
Investment property for sale in Ames at 218 16th St, Ames, IA, 50010 uses $57,018 cash to close to unlock $5,816/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $842/mo payment keeps the spread at $485/mo. Purchase price stands at $172,000, and rental yield measures 11.18% with $1,603/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 157.95% and total cumulative return in cash records $90,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $842/mo payment rather than investor’s personal income.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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Listed by: Jason Jennings • Friedrich Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67263
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.