409 E Martin StModaleIA51556
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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 Modale at 409 E Martin St, Modale, IA, 51556 uses $56,355 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $832/mo payment keeps the spread at $338/mo. Purchase price stands at $170,000, and rental yield measures 10.18% with $1,442/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 141.83% and total cumulative return in cash records $79,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51556, Modale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 219 (100%) |
| Owner Occupied HU | 172 (78.5%) |
| Renter Occupied HU | 21 ( 9.6%) |
| Vacant Housing Units | 26 (11.9%) |
| Median Home Value | $256,122 |
| Average Home Value | $270,988 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
14
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