4208 64th St APT 6UrbandaleIA50322
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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 Urbandale at 4208 64th St APT 6, Urbandale, IA, 50322 uses $38,123 cash to close to unlock $2,328/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,191/mo, and a $563/mo payment keeps the spread at $194/mo. Purchase price stands at $115,000, and rental yield measures 12.43% with $1,191/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 138.84% and total cumulative return in cash records $52,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,191/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50322, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,132 (100%) |
| Owner Occupied HU | 9,754 (69.0%) |
| Renter Occupied HU | 3,744 (26.5%) |
| Vacant Housing Units | 634 ( 4.5%) |
| Median Home Value | $284,903 |
| Average Home Value | $302,461 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,811
Multi-Family
2,819
Businesses
1,407
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Listed by: Lacey Halupnick • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #716250
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.