321 3rd StCollinsIA50055
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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 Collins at 321 3rd St, Collins, IA, 50055 uses $70,941 cash to close to unlock $4,783/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,788/mo, and a $1,047/mo payment keeps the spread at $399/mo. Purchase price stands at $214,000, and rental yield measures 10.03% with $1,788/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 139.42% and total cumulative return in cash records $98,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,788/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Single Family
Built in 1913
8,276 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Chris Stott • NextHome Journey
Mls Name: CIBR
Mls Provider:
Mls ID: #66922
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.