609 Mill AveSpringvilleIA52336
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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 Springville at 609 Mill Ave, Springville, IA, 52336 with 5% annual appreciation on a $259,000 basis while $2,280/mo rent supports operations. Total monthly income totals $2,280/mo and a $1,268/mo payment preserves $598/mo for cash returns. Annual cash flow comes to $7,171/yr on $85,859 deployed, and return on cash invested reaches 28.26% in year one. Equity gained on principal adds $1,671/yr, and five-year appreciation sums $71,557 alongside rental yield of 10.56%. Five-year ROI measures 148.04% and total cumulative return in cash totals $127,108.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,280/mo property income versus a $1,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52336, Springville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 753 (76.1%) |
| Renter Occupied HU | 157 (15.9%) |
| Vacant Housing Units | 79 ( 8.0%) |
| Median Home Value | $261,436 |
| Average Home Value | $307,560 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
851
Multi-Family
0
Businesses
42
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Listed by: Bob Kalous • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501159
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.