505 Barret StBurlingtonIA52601
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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 Burlington at 505 Barret St, Burlington, IA, 52601 offers $948/mo rent that, after a $578/mo payment, leaves $181/mo cash flow. Total monthly income is $948/mo, and annual cash flow is $2,174/yr on $39,117 cash. Return on cash invested measures 25.47% in year one, and rental yield stands at 9.64% at a $118,000 entry. Equity gained on principal adds $761/yr while 5% annual appreciation compounds into $32,601 by year five. Five-year ROI records 133.18% and total cumulative return in cash reaches $52,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $948/mo property income versus a $578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52601, Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 8,253 (59.1%) |
| Renter Occupied HU | 3,917 (28.0%) |
| Vacant Housing Units | 1,796 (12.9%) |
| Median Home Value | $158,166 |
| Average Home Value | $212,426 |
Housing Distribution
Address Breakdown
Residential
12,682
Single Family
11,980
Multi-Family
702
Businesses
1,151
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Listed by: Kimberly Staub • RE/MAX Real Estate Specialists
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6330421
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.