320 W 8th StGarnerIA50438
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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 Garner at 320 W 8th St, Garner, IA, 50438 generates $1,832/mo in rent and, after a $1,175/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,832/mo, and annual cash flow is $3,276/yr on $79,560 invested. Return on cash invested sits at 24.03% in year one, and rental yield is 9.16% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 125.3% and total cumulative return in cash sums $99,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,832/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Marisa Koppen • Realty ONE Group Black Diamond
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328828
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.