3219 Garner AveAmesIA50010
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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 Ames at 3219 Garner Ave, Ames, IA, 50010 priced at $257,000 converts $1,999/mo rent into $330/mo cash flow after a $1,258/mo obligation. Total monthly income equals $1,999/mo, and annual cash flow totals $3,958/yr on $85,196 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.33% against a $257,000 entry. Equity gained on principal adds $1,658/yr, while 5% annual appreciation compiles into $71,004 by year five. Five-year ROI reaches 128.15% and total cumulative return in cash sums $109,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,999/mo property income covering a $1,258/mo payment, not borrower’s personal income.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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Listed by: Paul Livingston • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #65724
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.