303 Summerset LnFruitlandIA52749
Nearby investment properties with comparable rents
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 Fruitland at 303 Summerset Ln, Fruitland, IA, 52749 offers $2,184/mo rent that, after a $1,376/mo payment, leaves $358/mo cash flow. Total monthly income is $2,184/mo, and annual cash flow is $4,298/yr on $93,201 cash. Return on cash invested measures 24.52% in year one, and rental yield stands at 9.32% at a $281,150 entry. Equity gained on principal adds $1,814/yr while 5% annual appreciation compounds into $77,677 by year five. Five-year ROI records 128% and total cumulative return in cash reaches $119,302. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,184/mo property income versus a $1,376/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52749, Fruitland, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 272 (100%) |
| Owner Occupied HU | 236 (86.8%) |
| Renter Occupied HU | 26 ( 9.6%) |
| Vacant Housing Units | 10 ( 3.7%) |
| Median Home Value | $216,154 |
| Average Home Value | $239,492 |
Housing Distribution
Address Breakdown
Residential
331
Single Family
331
Multi-Family
0
Businesses
8
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