517 Main StThorntonIA50479
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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 Thornton at 517 Main St, Thornton, IA, 50479 offers $915/mo rent that, after a $587/mo payment, leaves $136/mo cash flow. Total monthly income is $915/mo, and annual cash flow is $1,632/yr on $39,780 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 9.15% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 125.21% and total cumulative return in cash reaches $49,807. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $915/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50479, Thornton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 325 (100%) |
| Owner Occupied HU | 235 (72.3%) |
| Renter Occupied HU | 53 (16.3%) |
| Vacant Housing Units | 37 (11.4%) |
| Median Home Value | $169,922 |
| Average Home Value | $330,064 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
16
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Listed by: Krystle Hesse • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250148
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.