3 S 5th StEldridgeIA52748
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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
Rental property for sale in Eldridge at 3 S 5th St, Eldridge, IA, 52748 generates $1,050/mo in rent, after a $2,320/mo payment. Total monthly income is $1,050/mo. Return on cash invested sits at 4.42% in year one, and rental yield is 2.66% on a $473,990 entry. Equity gained on principal adds $3,059/yr, while 5% annual appreciation builds toward $130,955 over five years. Five-year ROI reaches 20.18% and total cumulative return in cash sums $31,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
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Listed by: Mark Southwood • New Home Sonar LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4246726
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.