513 Layne DrWest BurlingtonIA52655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West Burlington at 513 Layne Dr, West Burlington, IA, 52655 generates $1,074/mo in rent, after a $2,007/mo payment. Total monthly income is $1,074/mo. Return on cash invested sits at 5.88% in year one, and rental yield is 3.14% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 28% and total cumulative return in cash sums $38,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52655, West Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,115 (100%) |
| Owner Occupied HU | 1,343 (63.5%) |
| Renter Occupied HU | 549 (26.0%) |
| Vacant Housing Units | 223 (10.5%) |
| Median Home Value | $186,071 |
| Average Home Value | $255,201 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,761
Multi-Family
186
Businesses
302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gwen Wixom • Century 21/Property Profession
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321036
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.