5500 Longview Ct UNIT 2JohnstonIA50131
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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 5500 Longview Ct UNIT 2, Johnston, IA, 50131 earns $397/mo cash flow from $1,988/mo rent with a $1,199/mo payment. Total monthly income totals $1,988/mo, and annual cash flow totals $4,764/yr on $81,218 capital. ROI tracks 25.77% on current figures, and rental yield reads 9.74% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 134.69% and total cumulative return in cash sums $109,392. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,988/mo property income instead of your personal income.
Condo
Built in 1999
1,393 sqft lot
$N/A/sqft
No 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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