24066 Ives AveGlenwoodIA51534
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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 Glenwood at 24066 Ives Ave, Glenwood, IA, 51534 uses $74,588 cash to close to unlock $9,948/yr annual cash flow and $829/mo monthly cash flow. Total monthly income runs $2,290/mo, and a $1,101/mo payment keeps the spread at $829/mo. Purchase price stands at $225,000, and rental yield measures 12.21% with $2,290/mo rent. Return on cash invested shows 33.25% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 174.75% and total cumulative return in cash records $130,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,290/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51534, Glenwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,710 (71.4%) |
| Renter Occupied HU | 742 (19.5%) |
| Vacant Housing Units | 346 ( 9.1%) |
| Median Home Value | $262,868 |
| Average Home Value | $330,174 |
Housing Distribution
Address Breakdown
Residential
3,620
Single Family
3,603
Multi-Family
17
Businesses
225
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