3097 Shanes WayBettendorfIA52722
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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 Bettendorf at 3097 Shanes Way, Bettendorf, IA, 52722 offers a 8.14% rental yield on a $294,500 purchase with $1,998/mo rent. Total monthly income registers $1,998/mo, and a $1,441/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,030/yr on $97,627 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $1,900/yr while 5% annual appreciation supports $81,365 over five years. Portfolio math shows five-year ROI at 108.89% and total cumulative return in cash at $106,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,998/mo property income against a $1,441/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52722, Bettendorf, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,982 (100%) |
| Owner Occupied HU | 12,443 (69.2%) |
| Renter Occupied HU | 4,389 (24.4%) |
| Vacant Housing Units | 1,150 ( 6.4%) |
| Median Home Value | $342,973 |
| Average Home Value | $386,947 |
Housing Distribution
Address Breakdown
Residential
17,987
Single Family
15,350
Multi-Family
2,637
Businesses
1,446
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