409 Neva PlWest BurlingtonIA52655
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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 West Burlington at 409 Neva Pl, West Burlington, IA, 52655 priced at $134,900 pairs $1,074/mo rent with $198/mo cash flow after a $660/mo payment. Total monthly income equals $1,074/mo, and annual cash flow comes to $2,378/yr on $44,719 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 9.55% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 131.85% and total cumulative return in cash reaches $58,961. For financing, Ziffy Mortgage’s DSCR program evaluates $1,074/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
7,392 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52655, West Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,343 (63.5%) |
| Renter Occupied HU | 549 (26.0%) |
| Vacant Housing Units | 223 (10.5%) |
| Median Home Value | $186,071 |
| Average Home Value | $255,201 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,761
Multi-Family
186
Businesses
302
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Listed by: Diane Kroll • RE/MAX Real Estate Specialists
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319907
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.