405 Joy CirGilbertIA50105
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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
Total monthly income runs $2,051/mo, and a $1,786/mo payment. Purchase price stands at $365,000, and rental yield measures 6.74% with $2,051/mo rent. Return on cash invested shows 16.75% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 86.27% and total cumulative return in cash records $104,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,051/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50105, Gilbert, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 416 (82.9%) |
| Renter Occupied HU | 73 (14.5%) |
| Vacant Housing Units | 13 ( 2.6%) |
| Median Home Value | $318,919 |
| Average Home Value | $347,049 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
49
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Listed by: Van Winkle Real Estate Team • RE/MAX Concepts-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #67521
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.