302 W Main StGarrisonIA52229
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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 Garrison at 302 W Main St, Garrison, IA, 52229 uses $47,902 cash to close to unlock $1,906/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,097/mo, and a $707/mo payment keeps the spread at $159/mo. Purchase price stands at $144,500, and rental yield measures 9.11% with $1,097/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 124.57% and total cumulative return in cash records $59,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,097/mo property income covering a $707/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52229, Garrison, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 224 (75.4%) |
| Renter Occupied HU | 43 (14.5%) |
| Vacant Housing Units | 30 (10.1%) |
| Median Home Value | $236,842 |
| Average Home Value | $269,397 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
12
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