308 S Myrtle StGlenwoodIA51534
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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 Glenwood at 308 S Myrtle St, Glenwood, IA, 51534 earns $125/mo cash flow from $1,417/mo rent with a $974/mo payment. Total monthly income totals $1,417/mo, and annual cash flow totals $1,495/yr on $65,969 capital. ROI tracks 22.18% on current figures, and rental yield reads 8.54% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash sums $76,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,417/mo property income instead of your personal income.
Single Family
Built in 1977
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51534, Glenwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,710 (71.4%) |
| Renter Occupied HU | 742 (19.5%) |
| Vacant Housing Units | 346 ( 9.1%) |
| Median Home Value | $262,868 |
| Average Home Value | $330,174 |
Housing Distribution
Address Breakdown
Residential
3,620
Single Family
3,603
Multi-Family
17
Businesses
225
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