501 Linden StElliottIA51532
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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 Elliott at 501 Linden St, Elliott, IA, 51532 with 5% annual appreciation on a $100,000 basis while $787/mo rent supports operations. Total monthly income totals $787/mo and a $489/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,656/yr on $33,150 deployed, and return on cash invested reaches 24.9% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.44%. Five-year ROI measures 130.04% and total cumulative return in cash totals $43,108.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $787/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51532, Elliott, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 232 (78.1%) |
| Renter Occupied HU | 42 (14.1%) |
| Vacant Housing Units | 23 ( 7.7%) |
| Median Home Value | $164,130 |
| Average Home Value | $213,459 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
14
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Listed by: Daniel Bullington • Your Real Estate Choice Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6324565
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.