515 N 1st StGreeneIA50636
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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 Greene at 515 N 1st St, Greene, IA, 50636 priced at $299,900 converts $1,914/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,914/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 7.66% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 101.08% and total cumulative return in cash sums $100,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50636, Greene, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 657 (71.6%) |
| Renter Occupied HU | 138 (15.0%) |
| Vacant Housing Units | 123 (13.4%) |
| Median Home Value | $170,927 |
| Average Home Value | $206,887 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
688
Multi-Family
0
Businesses
61
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