309 SW Kent StGreenfieldIA50849
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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
Rental property for sale in Greenfield at 309 SW Kent St, Greenfield, IA, 50849 priced at $179,500 converts $1,412/mo rent into $246/mo cash flow after a $879/mo obligation. Total monthly income equals $1,412/mo, and annual cash flow totals $2,950/yr on $59,504 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 9.44% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 129.84% and total cumulative return in cash sums $77,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,412/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1917
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50849, Greenfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 877 (66.3%) |
| Renter Occupied HU | 362 (27.4%) |
| Vacant Housing Units | 84 ( 6.3%) |
| Median Home Value | $151,446 |
| Average Home Value | $176,197 |
Housing Distribution
Address Breakdown
Residential
1,229
Single Family
1,194
Multi-Family
35
Businesses
143
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Listed by: Poore, Diane • Ellis Poore Real Estate Group
Mls Name: DMMLS
Mls Provider:
Mls ID: #706214
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.