314 Springer AveColumbus JunctionIA52738
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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 Columbus Junction at 314 Springer Ave, Columbus Junction, IA, 52738 priced at $165,000 converts $977/mo rent into after a $808/mo obligation. Total monthly income equals $977/mo. Return on cash invested prints 17.82% in year one, and rental yield reads 7.11% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 92.05% and total cumulative return in cash sums $50,351. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $977/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52738, Columbus Junction, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,415 (100%) |
| Owner Occupied HU | 934 (66.0%) |
| Renter Occupied HU | 326 (23.0%) |
| Vacant Housing Units | 155 (11.0%) |
| Median Home Value | $170,588 |
| Average Home Value | $257,869 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,240
Multi-Family
47
Businesses
106
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Listed by: Jay Robertson • Robertson Real Estate Inc
Mls Name: Iowa City Area AOR
Mls ID: #202600385