318 E Garfield StZearingIA50278
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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 Zearing at 318 E Garfield St, Zearing, IA, 50278 priced at $327,500 converts $2,300/mo rent into $173/mo cash flow after a $1,603/mo obligation. Total monthly income equals $2,300/mo, and annual cash flow totals $2,076/yr on $108,566 invested. Return on cash invested prints 21.82% in year one, and rental yield reads 8.43% against a $327,500 entry. Equity gained on principal adds $2,113/yr, while 5% annual appreciation compiles into $90,482 by year five. Five-year ROI reaches 113.49% and total cumulative return in cash sums $123,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,300/mo property income covering a $1,603/mo payment, not borrower’s personal income.
Single Family
Built in 1912
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50278, Zearing, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 353 (100%) |
| Owner Occupied HU | 261 (73.9%) |
| Renter Occupied HU | 64 (18.1%) |
| Vacant Housing Units | 28 ( 7.9%) |
| Median Home Value | $216,964 |
| Average Home Value | $245,201 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
29
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Listed by: Marc Olson Team • RE/MAX Concepts-Nevada
Mls Name: CIBR
Mls Provider:
Mls ID: #66971
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.