503 Jay StChurdanIA50050
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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 Churdan at 503 Jay St, Churdan, IA, 50050 uses $53,007 cash to close to unlock $194/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $783/mo payment keeps the spread at $16/mo. Purchase price stands at $159,900, and rental yield measures 7.92% with $1,055/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 105.3% and total cumulative return in cash records $55,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50050, Churdan, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 322 (100%) |
| Owner Occupied HU | 216 (67.1%) |
| Renter Occupied HU | 56 (17.4%) |
| Vacant Housing Units | 50 (15.5%) |
| Median Home Value | $167,593 |
| Average Home Value | $229,549 |
Housing Distribution
Address Breakdown
Residential
217
Single Family
217
Multi-Family
0
Businesses
14
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