605 NW 2nd StGreenfieldIA50849
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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 Greenfield at 605 NW 2nd St, Greenfield, IA, 50849 generates $1,471/mo in rent and, after a $729/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,471/mo, and annual cash flow is $6,043/yr on $49,394 invested. Return on cash invested sits at 32.14% in year one, and rental yield is 11.85% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 168.88% and total cumulative return in cash sums $83,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,471/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50849, Greenfield, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,323 (100%) |
| Owner Occupied HU | 877 (66.3%) |
| Renter Occupied HU | 362 (27.4%) |
| Vacant Housing Units | 84 ( 6.3%) |
| Median Home Value | $151,446 |
| Average Home Value | $176,197 |
Housing Distribution
Address Breakdown
Residential
1,229
Single Family
1,194
Multi-Family
35
Businesses
143
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Listed by: Roger Queck • Pro Team Realty
Mls Name: DMMLS
Mls ID: #731442