309 Franklin AveCollege SpringsIA51637
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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 College Springs at 309 Franklin Ave, College Springs, IA, 51637 with 5% annual appreciation on a $259,000 basis while $1,441/mo rent supports operations. 54% in year one. Equity gained on principal adds $1,671/yr, and five-year appreciation sums $71,557 alongside rental yield of 6.68%. Five-year ROI measures 85.18% and total cumulative return in cash totals $73,132. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,441/mo property income versus a $1,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51637, College Springs, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 70 (100%) |
| Owner Occupied HU | 55 (78.6%) |
| Renter Occupied HU | 12 (17.1%) |
| Vacant Housing Units | 3 ( 4.3%) |
| Median Home Value | $104,167 |
| Average Home Value | $124,273 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
9
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Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: My State MLS
Mls ID: #11641254