306 E Southwind DrSchallerIA51053
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 Schaller at 306 E Southwind Dr, Schaller, IA, 51053 offers $1,463/mo rent that, after a $844/mo payment, leaves $343/mo cash flow. Total monthly income is $1,463/mo, and annual cash flow is $4,116/yr on $57,184 cash. Return on cash invested measures 27.11% in year one, and rental yield stands at 10.18% at a $172,500 entry. Equity gained on principal adds $1,113/yr while 5% annual appreciation compounds into $47,659 by year five. Five-year ROI records 141.82% and total cumulative return in cash reaches $81,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,463/mo property income versus a $844/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51053, Schaller, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 499 (100%) |
| Owner Occupied HU | 371 (74.3%) |
| Renter Occupied HU | 76 (15.2%) |
| Vacant Housing Units | 52 (10.4%) |
| Median Home Value | $118,403 |
| Average Home Value | $164,016 |
Housing Distribution
Address Breakdown
Residential
187
Single Family
187
Multi-Family
0
Businesses
40
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