316 E 3rd StKingsleyIA51028
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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 Kingsley at 316 E 3rd St, Kingsley, IA, 51028 priced at $217,780 converts $2,348/mo rent into $934/mo cash flow after a $1,066/mo obligation. Total monthly income equals $2,348/mo, and annual cash flow totals $11,203/yr on $72,194 invested. Return on cash invested prints 35.43% in year one, and rental yield reads 12.94% against a $217,780 entry. Equity gained on principal adds $1,405/yr, while 5% annual appreciation compiles into $60,169 by year five. Five-year ROI reaches 186.46% and total cumulative return in cash sums $134,614. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,066/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51028, Kingsley, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 659 (71.6%) |
| Renter Occupied HU | 188 (20.4%) |
| Vacant Housing Units | 74 ( 8.0%) |
| Median Home Value | $268,750 |
| Average Home Value | $297,731 |
Housing Distribution
Address Breakdown
Residential
637
Single Family
613
Multi-Family
24
Businesses
54
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