601 15th StCorningIA50841
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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 Corning at 601 15th St, Corning, IA, 50841 earns $250/mo cash flow from $1,136/mo rent with a $668/mo payment. Total monthly income totals $1,136/mo, and annual cash flow totals $2,995/yr on $45,250 capital. ROI tracks 26.53% on current figures, and rental yield reads 9.99% at a $136,500 purchase. Equity gained on principal adds $881/yr, and 5% annual appreciation supports $37,712 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $62,811. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,136/mo property income instead of your personal income.
Single Family
Built in 1985
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
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