31446 Prairie StGarden CityIA50102
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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 Garden City at 31446 Prairie St, Garden City, IA, 50102 generates $842/mo in rent and, after a $538/mo payment, leaves $128/mo in cash flow. Total monthly income is $842/mo, and annual cash flow is $1,536/yr on $36,465 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.19% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash sums $45,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $842/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50102, Garden City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 46 (100%) |
| Owner Occupied HU | 36 (78.3%) |
| Renter Occupied HU | 10 (21.7%) |
| Vacant Housing Units | 0 |
| Median Home Value | $137,500 |
| Average Home Value | $165,417 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
2
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Listed by: Debra Stolee • Norsemen Realty Team - Friedrich Iowa Realty
Mls Name: CIBR
Mls ID: #68993