311 E Martin StModaleIA51556
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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 Modale at 311 E Martin St, Modale, IA, 51556 uses $49,228 cash to close to unlock $3,749/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,277/mo, and a $727/mo payment keeps the spread at $312/mo. Purchase price stands at $148,500, and rental yield measures 10.32% with $1,277/mo rent. Return on cash invested shows 27.52% in year one, and 5% annual appreciation builds toward $41,028 over five years. Five-year ROI reaches 144.14% and total cumulative return in cash records $70,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,277/mo property income covering a $727/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51556, Modale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 219 (100%) |
| Owner Occupied HU | 172 (78.5%) |
| Renter Occupied HU | 21 ( 9.6%) |
| Vacant Housing Units | 26 (11.9%) |
| Median Home Value | $256,122 |
| Average Home Value | $270,988 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
14
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