305 S 2nd StGreeneIA50636
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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 Greene at 305 S 2nd St, Greene, IA, 50636 uses $52,709 cash to close to unlock $2,971/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,280/mo, and a $778/mo payment keeps the spread at $248/mo. Purchase price stands at $159,000, and rental yield measures 9.66% with $1,280/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 133.5% and total cumulative return in cash records $70,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,280/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50636, Greene, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 657 (71.6%) |
| Renter Occupied HU | 138 (15.0%) |
| Vacant Housing Units | 123 (13.4%) |
| Median Home Value | $170,927 |
| Average Home Value | $206,887 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
61
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