607 Fremont AveAmesIA50014
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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 Ames at 607 Fremont Ave, Ames, IA, 50014 priced at $439,554 converts $3,318/mo rent into $452/mo cash flow after a $2,151/mo obligation. Total monthly income equals $3,318/mo, and annual cash flow totals $5,430/yr on $145,712 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.06% against a $439,554 entry. Equity gained on principal adds $2,836/yr, while 5% annual appreciation compiles into $121,441 by year five. Five-year ROI reaches 123.26% and total cumulative return in cash sums $179,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,318/mo property income covering a $2,151/mo payment, not borrower’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
$135 annually HOA
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Listed by: Andrew Chaplin • Hunziker & Assoc.-Ames
Mls Name: CIBR
Mls Provider:
Mls ID: #61185
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.