2592 Middle Rd #220BettendorfIA52722
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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 Bettendorf at 2592 Middle Rd #220, Bettendorf, IA, 52722 offers a 9.37% rental yield on a $159,000 purchase with $1,242/mo rent. Total monthly income registers $1,242/mo, and a $778/mo payment leaves $210/mo available for distribution. Annual cash flow reaches $2,515/yr on $52,709 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 128.84% and total cumulative return in cash at $67,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,242/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
N/A 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
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Listed by: Lindsay Thiel • Ruhl&Ruhl REALTORS DeWitt
Mls Name: RMLS Alliance
Mls ID: #QC4269016