406 Wright 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
Investment property for sale in Gilbert at 406 Wright Cir, Gilbert, IA, 50105 listed at $449,900 pairs $2,622/mo rent with a $2,202/mo payment. Total monthly income runs $2,622/mo. Return on cash invested measures 17.5% in year one, and rental yield registers 6.99% at a $449,900 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,299 by year five. Five-year ROI tracks 90.33% and total cumulative return in cash totals $134,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,622/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
8,276 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: Renee Lynn Klaus • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #65262
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.