263 Meadow Brook TrlManchesterIA52057
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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 Manchester at 263 Meadow Brook Trl, Manchester, IA, 52057 offers $2,014/mo rent that, after a $1,463/mo payment, leaves $73/mo cash flow. Total monthly income is $2,014/mo, and annual cash flow is $871/yr on $99,119 cash. Return on cash invested measures 20.79% in year one, and rental yield stands at 8.08% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 107.95% and total cumulative return in cash reaches $107,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,014/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2021
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52057, Manchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,586 (69.9%) |
| Renter Occupied HU | 837 (22.6%) |
| Vacant Housing Units | 274 ( 7.4%) |
| Median Home Value | $175,820 |
| Average Home Value | $261,470 |
Housing Distribution
Address Breakdown
Residential
3,632
Single Family
3,379
Multi-Family
253
Businesses
345
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Listed by: Barbara Sailer • Homefront Realty, PLLC
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254593