308 NW Hayes StGreenfieldIA50849
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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 Greenfield at 308 NW Hayes St, Greenfield, IA, 50849 priced at $140,000 converts $1,297/mo rent into $388/mo cash flow after a $685/mo obligation. Total monthly income equals $1,297/mo, and annual cash flow totals $4,656/yr on $46,410 invested. Return on cash invested prints 29.94% in year one, and rental yield reads 11.12% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 157% and total cumulative return in cash sums $72,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,297/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1919
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50849, Greenfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 877 (66.3%) |
| Renter Occupied HU | 362 (27.4%) |
| Vacant Housing Units | 84 ( 6.3%) |
| Median Home Value | $151,446 |
| Average Home Value | $176,197 |
Housing Distribution
Address Breakdown
Residential
1,229
Single Family
1,194
Multi-Family
35
Businesses
143
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Listed by: Joshua Madison • Ellis Poore Real Estate Group
Mls Name: DMMLS
Mls ID: #721251