2420 Hamilton DrAmesIA50014
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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 Ames at 2420 Hamilton Dr, Ames, IA, 50014 priced at $310,000 pairs $1,552/mo rent with after a $1,517/mo payment. Total monthly income equals $1,552/mo. Return on cash invested is 12.3% in year one, and rental yield stands at 6.01% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 63.27% and total cumulative return in cash reaches $65,023. For financing, Ziffy Mortgage’s DSCR program evaluates $1,552/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
9,147 sqft lot
$N/A/sqft
$2,284 annually HOA
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Listed by: Bailey Sherburne • Friedrich Iowa Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #65348
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.