6028 NW 49th 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 6028 NW 49th St, Johnston, IA, 50131 offers a 10.17% rental yield on a $359,000 purchase with $3,044/mo rent. Total monthly income registers $3,044/mo, and a $1,757/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,551/yr on $119,009 to close, and return on cash invested stands at 27.09% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 141.79% and total cumulative return in cash at $168,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,044/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,842 sqft 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: Susie Sheldahl • Realty One Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #730069
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.