3116 Indian Point DrEllstonIA50074
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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 Ellston at 3116 Indian Point Dr, Ellston, IA, 50074 listed at $624,900 pairs $0/mo rent with a $3,059/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.12% in year one, and rental yield registers 0% at a $624,900 basis. Equity gained on principal adds $4,032/yr, and annual property appreciation at 5% supports $172,648 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1998
0.80 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50074, Ellston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 597 (100%) |
| Owner Occupied HU | 143 (24.0%) |
| Renter Occupied HU | 23 ( 3.9%) |
| Vacant Housing Units | 431 (72.2%) |
| Median Home Value | $378,333 |
| Average Home Value | $496,014 |
Housing Distribution
Address Breakdown
Residential
165
Single Family
165
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
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Listed by: Cherri Vos • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #723066
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