412 Faulkner CtAmesIA50014
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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 Ames at 412 Faulkner Ct, Ames, IA, 50014 generates $1,253/mo in rent and, after a $768/mo payment, leaves $43/mo in cash flow. Total monthly income is $1,253/mo, and annual cash flow is $514/yr on $52,046 invested. Return on cash invested sits at 20.9% in year one, and rental yield is 9.58% on a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation builds toward $43,376 over five years. Five-year ROI reaches 110.13% and total cumulative return in cash sums $57,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,253/mo property income rather than buyer’s personal income.
Condo
Built in 1980
3,049 sqft lot
$N/A/sqft
$191 monthly HOA
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Listed by: Jim Horstman • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #66654
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.