2239 Salem RdNew LondonIA52645
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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 New London at 2239 Salem Rd, New London, IA, 52645 priced at $539,000 pairs $3,292/mo rent with after a $2,638/mo payment. Total monthly income equals $3,292/mo. Return on cash invested is 18.65% in year one, and rental yield stands at 7.33% on a $539,000 basis. Equity gained on principal adds $3,478/yr, and 5% annual appreciation accumulates to $148,916 by year five. Five-year ROI measures 96.46% and total cumulative return in cash reaches $171,060. For financing, Ziffy Mortgage’s DSCR program evaluates $3,292/mo property income against a $2,638/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
4.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52645, New London, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 1,140 (78.1%) |
| Renter Occupied HU | 249 (17.1%) |
| Vacant Housing Units | 70 ( 4.8%) |
| Median Home Value | $168,033 |
| Average Home Value | $217,375 |
Housing Distribution
Address Breakdown
Residential
1,314
Single Family
1,288
Multi-Family
26
Businesses
69
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Listed by: Dennis Ebersole • Southeast Iowa Realty Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325273
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.