31115 148th StFlorisIA52560
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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 Floris at 31115 148th St, Floris, IA, 52560 generates $1,882/mo in rent and, after a $1,370/mo payment, leaves $64/mo in cash flow. Total monthly income is $1,882/mo, and annual cash flow is $770/yr on $92,787 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 8.07% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 107.75% and total cumulative return in cash sums $99,973. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,882/mo property income rather than buyer’s personal income.
Manufactured
Built in 2004
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52560, Floris, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 130 (76.9%) |
| Renter Occupied HU | 15 ( 8.9%) |
| Vacant Housing Units | 24 (14.2%) |
| Median Home Value | $258,750 |
| Average Home Value | $335,442 |
Housing Distribution
Address Breakdown
Residential
129
Single Family
129
Multi-Family
0
Businesses
5
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Listed by: Lisa Murguia • Fairfield Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325284
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.