5901 NW 97th StJohnstonIA50131
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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 5901 NW 97th St, Johnston, IA, 50131 listed at $349,900 pairs $2,837/mo rent with a $1,713/mo payment to leave $564/mo cash flow. Total monthly income runs $2,837/mo, and annual cash flow reaches $6,770/yr on $115,992 cash to close. Return on cash invested measures 25.75% in year one, and rental yield registers 9.73% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 134.57% and total cumulative return in cash totals $156,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,837/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
0.25 Acres 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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Listed by: Jon Olson • Agency Iowa
Mls Name: CIBR
Mls Provider:
Mls ID: #67072
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.