305 Broadway StSpringvilleIA52336
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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 Springville at 305 Broadway St, Springville, IA, 52336 priced at $350,000 converts $846/mo rent into after a $1,713/mo obligation. Total monthly income equals $846/mo. Return on cash invested prints 5.15% in year one, and rental yield reads 2.9% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 24.09% and total cumulative return in cash sums $27,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $846/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52336, Springville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 753 (76.1%) |
| Renter Occupied HU | 157 (15.9%) |
| Vacant Housing Units | 79 ( 8.0%) |
| Median Home Value | $261,436 |
| Average Home Value | $307,560 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
42
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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