2853 Preston Pl, Logan, IA, 51546 | $281/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2853 Preston Pl, Logan, IA, 51546 | $281/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Logan at 2853 Preston Pl, Logan, IA, 51546 generates $2,716/mo in rent and, after a $1,835/mo payment, leaves $281/mo in cash flow. Total monthly income is $2,716/mo, and annual cash flow is $3,372/yr on $124,313 invested. Return on cash invested sits at 22.62% in year one, and rental yield is 8.69% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 117.77% and total cumulative return in cash sums $146,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,716/mo property income rather than buyer’s personal income.

Single Family

Built in 2004

2.18 Acres lot

$N/A/sqft

No HOA

More details about the property

Escape to your private oasis on 2.18 secluded acres along a peaceful no-outlet road! This charming 3 bedroom, 2.5 bathroom home, built in 2004, is truly move-in ready with impressive updates including newer siding, windows, roof, and a brand new septic system. The home has been professionally cleaned with duct work recently serviced for optimal air quality and comfort. Nature lovers will delight in the established fruit trees - harvest your own cherries, apples, and walnuts right from your backyard! The generous lot provides endless possibilities for gardening, recreation, or simply soaking in the tranquility of country living. A fenced area off the back deck keeps your furry friends safe while they explore. Plus, a recently serviced zero-turn mower is included to help you maintain your beautiful acreage, and much more! This rare find perfectly balances peaceful seclusion with convenient access to modern amenities. Your country dream awaits!

Neighborhood Data

Neighborhood data shown for ZIP Code: 51546, Logan, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,242 (100%)
Owner Occupied HU	881 (70.9%)
Renter Occupied HU	247 (19.9%)
Vacant Housing Units	114 ( 9.2%)
Median Home Value	$212,421
Average Home Value	$255,352