503 Brick St SEBondurantIA50035
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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 Bondurant at 503 Brick St SE, Bondurant, IA, 50035 uses $56,355 cash to close to unlock $8,976/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $832/mo payment keeps the spread at $748/mo. Purchase price stands at $170,000, and rental yield measures 13.07% with $1,852/mo rent. Return on cash invested shows 35.84% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 188.63% and total cumulative return in cash records $106,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1995
2,265 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
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Listed by: Austin Sullivan • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #717655
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.