2288 Crane AveKimballtonIA51543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Kimballton at 2288 Crane Ave, Kimballton, IA, 51543 offers $1,433/mo rent that, after a $931/mo payment, leaves $198/mo cash flow. Total monthly income is $1,433/mo, and annual cash flow is $2,373/yr on $63,035 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 9.04% at a $190,150 entry. Equity gained on principal adds $1,227/yr while 5% annual appreciation compounds into $52,535 by year five. Five-year ROI records 123.44% and total cumulative return in cash reaches $77,807. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,433/mo property income versus a $931/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51543, Kimballton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 201 (100%) |
| Owner Occupied HU | 150 (74.6%) |
| Renter Occupied HU | 35 (17.4%) |
| Vacant Housing Units | 16 ( 8.0%) |
| Median Home Value | $175,000 |
| Average Home Value | $226,967 |
Housing Distribution
Address Breakdown
Residential
98
Single Family
98
Multi-Family
0
Businesses
19
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Nearby investment properties with comparable prices
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