402 Shin Bone DrElginIA52141
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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 Elgin at 402 Shin Bone Dr, Elgin, IA, 52141 with 5% annual appreciation on a $199,000 basis while $1,429/mo rent supports operations. Total monthly income totals $1,429/mo and a $974/mo payment preserves $137/mo for cash returns. Annual cash flow comes to $1,639/yr on $65,969 deployed, and return on cash invested reaches 22.39% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 8.62%. Five-year ROI measures 116.59% and total cumulative return in cash totals $76,914.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,429/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52141, Elgin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 656 (100%) |
| Owner Occupied HU | 475 (72.4%) |
| Renter Occupied HU | 107 (16.3%) |
| Vacant Housing Units | 74 (11.3%) |
| Median Home Value | $151,453 |
| Average Home Value | $223,889 |
Housing Distribution
Address Breakdown
Residential
539
Single Family
539
Multi-Family
0
Businesses
47
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