235 W 3rd StGarnerIA50438
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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 Garner at 235 W 3rd St, Garner, IA, 50438 generates $1,862/mo in rent and, after a $746/mo payment, leaves $872/mo in cash flow. Total monthly income is $1,862/mo, and annual cash flow is $10,464/yr on $50,554 invested. Return on cash invested sits at 40.61% in year one, and rental yield is 14.65% on a $152,500 entry. Equity gained on principal adds $984/yr, while 5% annual appreciation builds toward $42,133 over five years. Five-year ROI reaches 214.23% and total cumulative return in cash sums $108,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,862/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
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Listed by: Jill M Kramer • Lakeside Brokers
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330689
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.