440 E Franklin St #202EldridgeIA52748
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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 Eldridge at 440 E Franklin St #202, Eldridge, IA, 52748 offers a 8.14% rental yield on a $214,900 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $1,052/mo payment leaves $62/mo available for distribution. Annual cash flow reaches $746/yr on $71,239 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 108.93% and total cumulative return in cash at $77,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
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