405 Kane StManchesterIA52057
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Nearby investment properties with comparable prices
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 Manchester at 405 Kane St, Manchester, IA, 52057 offers a 10.51% rental yield on a $126,000 purchase with $1,104/mo rent. Total monthly income registers $1,104/mo, and a $617/mo payment leaves $285/mo available for distribution. Annual cash flow reaches $3,425/yr on $41,769 to close, and return on cash invested stands at 28.11% in year one. Equity gained on principal adds $813/yr while 5% annual appreciation supports $34,811 over five years. Portfolio math shows five-year ROI at 147.31% and total cumulative return in cash at $61,531. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,104/mo property income against a $617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52057, Manchester, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,697 (100%) |
| Owner Occupied HU | 2,586 (69.9%) |
| Renter Occupied HU | 837 (22.6%) |
| Vacant Housing Units | 274 ( 7.4%) |
| Median Home Value | $175,820 |
| Average Home Value | $261,470 |
Housing Distribution
Address Breakdown
Residential
3,632
Single Family
3,379
Multi-Family
253
Businesses
345
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Listed by: Teresa J Turnis • Keller Williams Legacy Group-Manchester
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253771