4210 62nd St #2UrbandaleIA50322
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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 4210 62nd St #2, Urbandale, IA, 50322 offers a 16.53% rental yield on a $105,800 purchase with $1,457/mo rent. Total monthly income registers $1,457/mo, and a $518/mo payment leaves $645/mo available for distribution. Annual cash flow reaches $7,737/yr on $35,073 to close, and return on cash invested stands at 41.97% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,231 over five years. Portfolio math shows five-year ROI at 223.12% and total cumulative return in cash at $78,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,457/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
$125 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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