309 E 21st StMadridIA50156
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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 Madrid at 309 E 21st St, Madrid, IA, 50156 uses $99,450 cash to close to unlock $156/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $1,961/mo, and a $1,468/mo payment keeps the spread at $13/mo. Purchase price stands at $300,000, and rental yield measures 7.84% with $1,961/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash records $103,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,961/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.40 Acres lot
$N/A/sqft
No HOA
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Listed by: Jason Stuyvesant • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #708313
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