2304 Northwestern AveAmesIA50010
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
Investment property for sale in Ames at 2304 Northwestern Ave, Ames, IA, 50010 uses $115,362 cash to close to unlock $10,322/yr annual cash flow and $860/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,703/mo payment keeps the spread at $860/mo. Purchase price stands at $348,000, and rental yield measures 10.76% with $3,120/mo rent. Return on cash invested shows 28.86% in year one, and 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 151.24% and total cumulative return in cash records $174,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,703/mo payment rather than investor’s personal income.
Single Family
Built in 1967
9,570 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices