553 N 4th Ave #64EldridgeIA52748
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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 Eldridge at 553 N 4th Ave #64, Eldridge, IA, 52748 offers a 5.17% rental yield on a $242,031 purchase with $1,043/mo rent. 99% in year one. Equity gained on principal adds $1,562/yr while 5% annual appreciation supports $66,869 over five years. Portfolio math shows five-year ROI at 60.8% and total cumulative return in cash at $48,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,043/mo property income against a $1,185/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
4,050 sqft lot
$N/A/sqft
No 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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