309 E Florence AveGlenwoodIA51534
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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 309 E Florence Ave, Glenwood, IA, 51534 with 5% annual appreciation on a $424,500 basis while $3,103/mo rent supports operations. Total monthly income totals $3,103/mo and a $2,078/mo payment preserves $346/mo for cash returns. Annual cash flow comes to $4,150/yr on $140,722 deployed, and return on cash invested reaches 22.86% in year one. Equity gained on principal adds $2,739/yr, and five-year appreciation sums $117,282 alongside rental yield of 8.77%. Five-year ROI measures 119.05% and total cumulative return in cash totals $167,536.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,103/mo property income versus a $2,078/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.45 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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