3475 10th AveCummingIA50061
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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 Cumming at 3475 10th Ave, Cumming, IA, 50061 generates $3,743/mo in rent, after a $2,912/mo payment. Total monthly income is $3,743/mo. Return on cash invested sits at 19.32% in year one, and rental yield is 7.55% on a $594,900 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,360 over five years. Five-year ROI reaches 100.07% and total cumulative return in cash sums $195,859. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,743/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
2.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50061, Cumming, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 1,132 (91.7%) |
| Renter Occupied HU | 52 ( 4.2%) |
| Vacant Housing Units | 51 ( 4.1%) |
| Median Home Value | $489,671 |
| Average Home Value | $552,955 |
Housing Distribution
Address Breakdown
Residential
755
Single Family
755
Multi-Family
0
Businesses
35
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Listed by: Marc Lee • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #723946
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.