2625 Cleveland DrAmesIA50010
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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 Ames at 2625 Cleveland Dr, Ames, IA, 50010 earns $137/mo cash flow from $2,605/mo rent with a $1,860/mo payment. Total monthly income totals $2,605/mo, and annual cash flow totals $1,644/yr on $125,970 capital. ROI tracks 21.21% on current figures, and rental yield reads 8.23% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 110.23% and total cumulative return in cash sums $138,853. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,605/mo property income instead of your personal income.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No 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
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Listed by: Nancy K. Hagen • Progressive Real Estate RN,LLC
Mls Name: CIBR
Mls Provider:
Mls ID: #66743
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.