5558 Boston CtJohnstonIA50131
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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 Johnston at 5558 Boston Ct, Johnston, IA, 50131 priced at $210,000 converts $1,727/mo rent into $138/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,727/mo, and annual cash flow totals $1,656/yr on $69,615 invested. Return on cash invested prints 22.29% in year one, and rental yield reads 9.87% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 117.39% and total cumulative return in cash sums $81,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,727/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Condo
Built in 2006
566.28 sqft lot
$N/A/sqft
$225 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: Rachael Harms • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713872
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