2592 Middle Rd #208BettendorfIA52722
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
Rental property for sale in Bettendorf at 2592 Middle Rd #208, Bettendorf, IA, 52722 generates $1,389/mo in rent and, after a $876/mo payment, leaves $227/mo in cash flow. Total monthly income is $1,389/mo, and annual cash flow is $2,719/yr on $59,339 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 9.31% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 127.85% and total cumulative return in cash sums $75,867. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,389/mo property income rather than buyer’s personal income.
Condo
Built in 2021
6.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52722, Bettendorf, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,982 (100%) |
| Owner Occupied HU | 12,443 (69.2%) |
| Renter Occupied HU | 4,389 (24.4%) |
| Vacant Housing Units | 1,150 ( 6.4%) |
| Median Home Value | $342,973 |
| Average Home Value | $386,947 |
Housing Distribution
Address Breakdown
Residential
17,987
Single Family
15,350
Multi-Family
2,637
Businesses
1,446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Thiel • Ruhl&Ruhl REALTORS DeWitt
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000204