310 W Harris StManlyIA50456
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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 Manly at 310 W Harris St, Manly, IA, 50456 uses $48,266 cash to close to unlock $7,248/yr annual cash flow and $604/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $713/mo payment keeps the spread at $604/mo. Purchase price stands at $145,600, and rental yield measures 12.77% with $1,550/mo rent. Return on cash invested shows 34.93% in year one, and 5% annual appreciation builds toward $40,227 over five years. Five-year ROI reaches 183.89% and total cumulative return in cash records $88,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $713/mo payment rather than investor’s personal income.
Single Family
Built in 1939
7,503 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50456, Manly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 774 (100%) |
| Owner Occupied HU | 517 (66.8%) |
| Renter Occupied HU | 149 (19.3%) |
| Vacant Housing Units | 108 (14.0%) |
| Median Home Value | $151,716 |
| Average Home Value | $219,526 |
Housing Distribution
Address Breakdown
Residential
458
Single Family
458
Multi-Family
0
Businesses
27
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