421 Springer CtMadridIA50156
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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 Madrid at 421 Springer Ct, Madrid, IA, 50156 offers a 8.25% rental yield on a $378,000 purchase with $2,598/mo rent. Total monthly income registers $2,598/mo, and a $1,850/mo payment leaves $87/mo available for distribution. Annual cash flow reaches $1,046/yr on $125,307 to close, and return on cash invested stands at 20.74% in year one. Equity gained on principal adds $2,439/yr while 5% annual appreciation supports $104,434 over five years. Portfolio math shows five-year ROI at 107.93% and total cumulative return in cash at $135,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,598/mo property income against a $1,850/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
9,583 sqft lot
$N/A/sqft
$275 annually HOA
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Listed by: Kim Olmstead • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #706569
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