307 W Ridge StReadlynIA50668
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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 Readlyn at 307 W Ridge St, Readlyn, IA, 50668 priced at $195,500 pairs $1,564/mo rent with $294/mo cash flow after a $957/mo payment. Total monthly income equals $1,564/mo, and annual cash flow comes to $3,530/yr on $64,808 invested. Return on cash invested is 25.36% in year one, and rental yield stands at 9.6% on a $195,500 basis. Equity gained on principal adds $1,262/yr, and 5% annual appreciation accumulates to $54,013 by year five. Five-year ROI measures 132.52% and total cumulative return in cash reaches $85,883. For financing, Ziffy Mortgage’s DSCR program evaluates $1,564/mo property income against a $957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50668, Readlyn, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 447 (79.3%) |
| Renter Occupied HU | 72 (12.8%) |
| Vacant Housing Units | 45 ( 8.0%) |
| Median Home Value | $188,702 |
| Average Home Value | $225,710 |
Housing Distribution
Address Breakdown
Residential
261
Single Family
261
Multi-Family
0
Businesses
32
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