2509 Kent AveAmesIA50010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ames at 2509 Kent Ave, Ames, IA, 50010 uses $122,622 cash to close to unlock $8,044/yr annual cash flow and $670/mo monthly cash flow. Total monthly income runs $3,090/mo, and a $1,810/mo payment keeps the spread at $670/mo. Purchase price stands at $369,900, and rental yield measures 10.02% with $3,090/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 138.5% and total cumulative return in cash records $169,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,090/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 1998
7,840 sqft lot
$N/A/sqft
$214 yearly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jen Burkamper • RE/MAX REAL ESTATE CENTER
Mls Name: CIBR
Mls Provider:
Mls ID: #61857
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.