513 Garden RdAmesIA50010
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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 Ames at 513 Garden Rd, Ames, IA, 50010 at $397,900 posts ROI 16.49% with from $2,209/mo rent. Total monthly income equals $2,209/mo. Return on cash invested measures 16.49% and rental yield reads 6.66% at the current $397,900. Equity gained on principal adds $2,568/yr, and 5% annual appreciation supports $109,932 by year five. Five-year ROI prints 84.93% and total cumulative return in cash totals $112,024. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,209/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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Listed by: David Charlson • PROmetro Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #700893
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.