311 W Franklin StCentervilleIA52544
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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 Centerville at 311 W Franklin St, Centerville, IA, 52544 uses $56,355 cash to close to unlock $2,220/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,289/mo, and a $832/mo payment keeps the spread at $185/mo. Purchase price stands at $170,000, and rental yield measures 9.1% with $1,289/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 124.35% and total cumulative return in cash records $70,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,289/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1923
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52544, Centerville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,695 (100%) |
| Owner Occupied HU | 2,047 (55.4%) |
| Renter Occupied HU | 1,129 (30.6%) |
| Vacant Housing Units | 519 (14.0%) |
| Median Home Value | $145,486 |
| Average Home Value | $181,729 |
Housing Distribution
Address Breakdown
Residential
3,407
Single Family
3,084
Multi-Family
323
Businesses
384
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Listed by: Mike Whisler • Hometown Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325566
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.