306 S Monroe StGarnavilloIA52049
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 Garnavillo at 306 S Monroe St, Garnavillo, IA, 52049 priced at $240,000 converts $1,928/mo rent into $369/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,928/mo, and annual cash flow totals $4,428/yr on $79,560 invested. Return on cash invested prints 25.47% in year one, and rental yield reads 9.64% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 133.06% and total cumulative return in cash sums $105,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,928/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52049, Garnavillo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 436 (59.2%) |
| Renter Occupied HU | 132 (17.9%) |
| Vacant Housing Units | 169 (22.9%) |
| Median Home Value | $161,161 |
| Average Home Value | $231,835 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayla Aulwes • EXIT Realty Driftless Group
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #153052
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.