24 E Gillet StPrestonIA52069
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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 Preston at 24 E Gillet St, Preston, IA, 52069 uses $72,930 cash to close to unlock $1,140/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $1,077/mo payment keeps the spread at $95/mo. Purchase price stands at $220,000, and rental yield measures 8.31% with $1,524/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 111.62% and total cumulative return in cash records $81,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52069, Preston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 506 (74.0%) |
| Renter Occupied HU | 138 (20.2%) |
| Vacant Housing Units | 40 ( 5.8%) |
| Median Home Value | $185,648 |
| Average Home Value | $267,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
57
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Listed by: Dana Olson • Gateway Realty Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261438
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.