3206 Highway 61BurlingtonIA52601
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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
Investment property for sale in Burlington at 3206 Highway 61, Burlington, IA, 52601 listed at $239,000 pairs $1,695/mo rent with a $1,170/mo payment to leave $143/mo cash flow. Total monthly income runs $1,695/mo, and annual cash flow reaches $1,711/yr on $79,229 cash to close. Return on cash invested measures 22.07% in year one, and rental yield registers 8.51% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 114.84% and total cumulative return in cash totals $90,984. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,695/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1880
3.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52601, Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 8,253 (59.1%) |
| Renter Occupied HU | 3,917 (28.0%) |
| Vacant Housing Units | 1,796 (12.9%) |
| Median Home Value | $158,166 |
| Average Home Value | $212,426 |
Housing Distribution
Address Breakdown
Residential
12,682
Single Family
11,980
Multi-Family
702
Businesses
1,151
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Nearby investment properties with comparable prices
Listed by: Rachel Griffel • Ruhl & Ruhl, REALTORS
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334491