318 E Walnut StManlyIA50456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manly at 318 E Walnut St, Manly, IA, 50456 priced at $160,000 pairs $1,476/mo rent with $437/mo cash flow after a $783/mo payment. Total monthly income equals $1,476/mo, and annual cash flow comes to $5,244/yr on $53,040 invested. Return on cash invested is 29.8% in year one, and rental yield stands at 11.07% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 156.25% and total cumulative return in cash reaches $82,874. For financing, Ziffy Mortgage’s DSCR program evaluates $1,476/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50456, Manly, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 774 (100%) |
| Owner Occupied HU | 517 (66.8%) |
| Renter Occupied HU | 149 (19.3%) |
| Vacant Housing Units | 108 (14.0%) |
| Median Home Value | $151,716 |
| Average Home Value | $219,526 |
Housing Distribution
Address Breakdown
Residential
458
Single Family
458
Multi-Family
0
Businesses
27
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices