3322 Harrison RdAmesIA50010
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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 Ames at 3322 Harrison Rd, Ames, IA, 50010 offers a 7.82% rental yield on a $709,000 purchase with $4,622/mo rent. Total monthly income registers $4,622/mo, and a $3,470/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $196/yr on $233,261 to close, and return on cash invested stands at 20.14% in year one. Equity gained on principal adds $4,575/yr while 5% annual appreciation supports $195,884 over five years. Portfolio math shows five-year ROI at 104.48% and total cumulative return in cash at $243,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,622/mo property income against a $3,470/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.31 Acres lot
$N/A/sqft
$15 annually 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: Thuy Nguyen • Keller Williams Legacy Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503445
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.