309 Culver Rd NEHopkintonIA52237
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 Hopkinton at 309 Culver Rd NE, Hopkinton, IA, 52237 priced at $133,900 converts $1,061/mo rent into $192/mo cash flow after a $655/mo obligation. Total monthly income equals $1,061/mo, and annual cash flow totals $2,301/yr on $44,388 invested. Return on cash invested prints 25.09% in year one, and rental yield reads 9.51% against a $133,900 entry. Equity gained on principal adds $864/yr, while 5% annual appreciation compiles into $36,994 by year five. Five-year ROI reaches 131.07% and total cumulative return in cash sums $58,179. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,061/mo property income covering a $655/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52237, Hopkinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 507 (78.6%) |
| Renter Occupied HU | 86 (13.3%) |
| Vacant Housing Units | 52 ( 8.1%) |
| Median Home Value | $172,418 |
| Average Home Value | $287,214 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices