221 3rd StManningIA51455
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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 Manning at 221 3rd St, Manning, IA, 51455 priced at $142,000 converts $1,294/mo rent into $372/mo cash flow after a $695/mo obligation. Total monthly income equals $1,294/mo, and annual cash flow totals $4,462/yr on $47,073 invested. Return on cash invested prints 29.39% in year one, and rental yield reads 10.94% against a $142,000 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation compiles into $39,232 by year five. Five-year ROI reaches 154.08% and total cumulative return in cash sums $72,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,294/mo property income covering a $695/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,064 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51455, Manning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 699 (68.5%) |
| Renter Occupied HU | 199 (19.5%) |
| Vacant Housing Units | 122 (12.0%) |
| Median Home Value | $167,500 |
| Average Home Value | $226,445 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
923
Multi-Family
5
Businesses
86
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