303 Summit StOnslowIA52321
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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 Onslow at 303 Summit St, Onslow, IA, 52321 priced at $110,000 converts $867/mo rent into $153/mo cash flow after a $538/mo obligation. Total monthly income equals $867/mo, and annual cash flow totals $1,836/yr on $36,465 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.46% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 130.22% and total cumulative return in cash sums $47,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $867/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1840
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52321, Onslow, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 183 (100%) |
| Owner Occupied HU | 133 (72.7%) |
| Renter Occupied HU | 24 (13.1%) |
| Vacant Housing Units | 26 (14.2%) |
| Median Home Value | $167,361 |
| Average Home Value | $222,500 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
9
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Listed by: Natalie Heck • Century 21 Signature Real Estate
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152085
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.