5488 Longview Ct UNIT 4JohnstonIA50131
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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 Johnston at 5488 Longview Ct UNIT 4, Johnston, IA, 50131 uses $84,529 cash to close to unlock $984/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,988/mo, and a $1,248/mo payment keeps the spread at $82/mo. Purchase price stands at $254,990, and rental yield measures 9.36% with $1,988/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $70,449 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $93,689. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,988/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1999
2,613 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50131, Johnston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,023 (100%) |
| Owner Occupied HU | 6,701 (60.8%) |
| Renter Occupied HU | 3,542 (32.1%) |
| Vacant Housing Units | 780 ( 7.1%) |
| Median Home Value | $379,844 |
| Average Home Value | $438,587 |
Housing Distribution
Address Breakdown
Residential
10,452
Single Family
8,790
Multi-Family
1,662
Businesses
712
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Listed by: Dustin Schutte • RE/MAX Revolution
Mls Name: DMMLS
Mls Provider:
Mls ID: #714583
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.