6 N Myrtle StGlenwoodIA51534
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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 Glenwood at 6 N Myrtle St, Glenwood, IA, 51534 at $165,000 posts ROI 32.57% with $577/mo cash flow from $1,649/mo rent. Total monthly income equals $1,649/mo, and annual cash flow records $6,924/yr on $54,698 to close. Return on cash invested measures 32.57% and rental yield reads 11.99% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 171.1% and total cumulative return in cash totals $93,587.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,649/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51534, Glenwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,798 (100%) |
| Owner Occupied HU | 2,710 (71.4%) |
| Renter Occupied HU | 742 (19.5%) |
| Vacant Housing Units | 346 ( 9.1%) |
| Median Home Value | $262,868 |
| Average Home Value | $330,174 |
Housing Distribution
Address Breakdown
Residential
3,620
Single Family
3,603
Multi-Family
17
Businesses
225
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