431 E 3rd StGliddenIA51443
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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 Glidden at 431 E 3rd St, Glidden, IA, 51443 uses $41,438 cash to close to unlock $2,160/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $992/mo, and a $612/mo payment keeps the spread at $180/mo. Purchase price stands at $125,000, and rental yield measures 9.52% with $992/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 131.2% and total cumulative return in cash records $54,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $992/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1876
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51443, Glidden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 586 (74.5%) |
| Renter Occupied HU | 131 (16.6%) |
| Vacant Housing Units | 70 ( 8.9%) |
| Median Home Value | $232,813 |
| Average Home Value | $380,009 |
Housing Distribution
Address Breakdown
Residential
552
Single Family
552
Multi-Family
0
Businesses
56
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Listed by: Eric Rosener • Smart Moves Iowa Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6322134
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.