311 SE D AveGilmore CityIA50541
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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 Gilmore City at 311 SE D Ave, Gilmore City, IA, 50541 generates $764/mo in rent and, after a $489/mo payment, leaves $115/mo in cash flow. Total monthly income is $764/mo, and annual cash flow is $1,380/yr on $33,150 invested. Return on cash invested sits at 24.07% in year one, and rental yield is 9.17% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.55% and total cumulative return in cash sums $41,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $764/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50541, Gilmore City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 265 (69.9%) |
| Renter Occupied HU | 64 (16.9%) |
| Vacant Housing Units | 50 (13.2%) |
| Median Home Value | $145,833 |
| Average Home Value | $204,311 |
Housing Distribution
Address Breakdown
Residential
230
Single Family
230
Multi-Family
0
Businesses
21
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Listed by: Deb Almond • Growthland Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328595
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.