304 W Maple StRunnellsIA50237
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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 Runnells at 304 W Maple St, Runnells, IA, 50237 listed at $290,000 pairs $2,046/mo rent with a $1,419/mo payment to leave $113/mo cash flow. Total monthly income runs $2,046/mo, and annual cash flow reaches $1,353/yr on $96,135 cash to close. Return on cash invested measures 21.32% in year one, and rental yield registers 8.47% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 111.02% and total cumulative return in cash totals $106,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,046/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
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Listed by: Kaity Brown • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #720628
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.