231 W Franklin StDenverIA50622
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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 Denver at 231 W Franklin St, Denver, IA, 50622 uses $59,637 cash to close to unlock $2,690/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,393/mo, and a $881/mo payment keeps the spread at $224/mo. Purchase price stands at $179,900, and rental yield measures 9.29% with $1,393/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 127.49% and total cumulative return in cash records $76,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,393/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50622, Denver, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,488 (100%) |
| Owner Occupied HU | 1,195 (80.3%) |
| Renter Occupied HU | 201 (13.5%) |
| Vacant Housing Units | 92 ( 6.2%) |
| Median Home Value | $256,884 |
| Average Home Value | $285,308 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,153
Multi-Family
56
Businesses
93
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