5560 Jordan 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 5560 Jordan Ct, Johnston, IA, 50131 priced at $192,000 converts $1,500/mo rent into $28/mo cash flow after a $940/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $334/yr on $63,648 invested. Return on cash invested prints 20.43% in year one, and rental yield reads 9.38% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 107.59% and total cumulative return in cash sums $68,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $940/mo payment, not borrower’s personal income.
Condo
Built in 2005
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: Andy Algreen • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #691897
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.