3022 285th AveHopkintonIA52237
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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
Total monthly income runs $1,840/mo, and a $2,785/mo payment. Purchase price stands at $569,000, and rental yield measures 3.88% with $1,840/mo rent. Return on cash invested shows 8.17% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 40.24% and total cumulative return in cash records $75,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52237, Hopkinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 507 (78.6%) |
| Renter Occupied HU | 86 (13.3%) |
| Vacant Housing Units | 52 ( 8.1%) |
| Median Home Value | $172,418 |
| Average Home Value | $287,214 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
32
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Listed by: Susie Meyer • EXIT Unlimited
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #151919
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.