520 N 3rd AveEldridgeIA52748
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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 Eldridge at 520 N 3rd Ave, Eldridge, IA, 52748 offers $3,154/mo rent that, after a $2,082/mo payment, leaves $216/mo cash flow. Total monthly income is $3,154/mo, and annual cash flow is $2,596/yr on $141,025 cash. Return on cash invested measures 21.75% in year one, and rental yield stands at 8.9% at a $425,415 entry. Equity gained on principal adds $2,745/yr while 5% annual appreciation compounds into $117,534 by year five. Five-year ROI records 113.67% and total cumulative return in cash reaches $160,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,154/mo property income versus a $2,082/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$2,100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
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Listed by: Geri Doyle • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4253518
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.