309 EssexFarragutIA51639
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 Farragut at 309 Essex, Farragut, IA, 51639 priced at $149,500 pairs $1,061/mo rent with $90/mo cash flow after a $732/mo payment. Total monthly income equals $1,061/mo, and annual cash flow comes to $1,078/yr on $49,559 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 8.52% on a $149,500 basis. Equity gained on principal adds $965/yr, and 5% annual appreciation accumulates to $41,304 by year five. Five-year ROI measures 114.93% and total cumulative return in cash reaches $56,957. For financing, Ziffy Mortgage’s DSCR program evaluates $1,061/mo property income against a $732/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51639, Farragut, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 291 (72.7%) |
| Renter Occupied HU | 76 (19.0%) |
| Vacant Housing Units | 33 ( 8.2%) |
| Median Home Value | $158,214 |
| Average Home Value | $259,304 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
13
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