3209 S 16th Ave UNIT 202EldridgeIA52748
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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 Eldridge at 3209 S 16th Ave UNIT 202, Eldridge, IA, 52748 generates $1,468/mo in rent and, after a $768/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,468/mo, and annual cash flow is $3,586/yr on $52,046 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 11.22% on a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 141.47% and total cumulative return in cash sums $73,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,468/mo property income rather than buyer’s personal income.
Condo
Built in 2007
3,485 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
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