503 N Franklin StEdgewoodIA52042
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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
Rental property for sale in Edgewood at 503 N Franklin St, Edgewood, IA, 52042 priced at $180,000 converts $1,388/mo rent into $219/mo cash flow after a $881/mo obligation. Total monthly income equals $1,388/mo, and annual cash flow totals $2,628/yr on $59,670 invested. Return on cash invested prints 24.31% in year one, and rental yield reads 9.25% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 126.87% and total cumulative return in cash sums $75,701. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,388/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52042, Edgewood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 748 (100%) |
| Owner Occupied HU | 532 (71.1%) |
| Renter Occupied HU | 131 (17.5%) |
| Vacant Housing Units | 85 (11.4%) |
| Median Home Value | $204,464 |
| Average Home Value | $289,732 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
67
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