605 Terrace Hill DrCorningIA50841
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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 Corning at 605 Terrace Hill Dr, Corning, IA, 50841 generates $1,046/mo in rent and, after a $614/mo payment, leaves $189/mo in cash flow. Total monthly income is $1,046/mo, and annual cash flow is $2,264/yr on $41,603 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 10% on a $125,500 entry. Equity gained on principal adds $810/yr, while 5% annual appreciation builds toward $34,673 over five years. Five-year ROI reaches 132.93% and total cumulative return in cash sums $55,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,046/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
9,234 sqft 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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