400th AvePrestonIA52069
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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 Preston at 400th Ave, Preston, IA, 52069 offers $810/mo rent that, after a $8,329/mo payment. Total monthly income is $810/mo. Return on cash invested measures -1.92% in year one, and rental yield stands at 0.57% at a $1,701,649 entry. Equity gained on principal adds $10,980/yr while 5% annual appreciation compounds into $470,134 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $810/mo property income versus a $8,329/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
171.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52069, Preston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 506 (74.0%) |
| Renter Occupied HU | 138 (20.2%) |
| Vacant Housing Units | 40 ( 5.8%) |
| Median Home Value | $185,648 |
| Average Home Value | $267,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
57
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Listed by: Troy Louwagie • HERTZ REAL ESTATE SERVICE
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2405922
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.