404 Friendly DrMarshalltownIA50158
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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 Marshalltown at 404 Friendly Dr, Marshalltown, IA, 50158 priced at $244,900 converts $1,320/mo rent into after a $1,199/mo obligation. Total monthly income equals $1,320/mo. Return on cash invested prints 15.91% in year one, and rental yield reads 6.47% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 81.83% and total cumulative return in cash sums $66,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50158, Marshalltown, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,070 (100%) |
| Owner Occupied HU | 8,290 (63.4%) |
| Renter Occupied HU | 3,581 (27.4%) |
| Vacant Housing Units | 1,199 ( 9.2%) |
| Median Home Value | $154,025 |
| Average Home Value | $199,295 |
Housing Distribution
Address Breakdown
Residential
12,506
Single Family
11,272
Multi-Family
1,234
Businesses
916
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Listed by: Valerie Bellile • 1st Rate Real Estate
Mls Name: NoCoast MLS
Mls ID: #6330850