612 Garfield StGladbrookIA50635
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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 Gladbrook at 612 Garfield St, Gladbrook, IA, 50635 priced at $222,400 converts $1,892/mo rent into $447/mo cash flow after a $1,089/mo obligation. Total monthly income equals $1,892/mo, and annual cash flow totals $5,366/yr on $73,726 invested. Return on cash invested prints 27.19% in year one, and rental yield reads 10.21% against a $222,400 entry. Equity gained on principal adds $1,435/yr, while 5% annual appreciation compiles into $61,445 by year five. Five-year ROI reaches 142.33% and total cumulative return in cash sums $104,937. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,892/mo property income covering a $1,089/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50635, Gladbrook, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 779 (100%) |
| Owner Occupied HU | 565 (72.5%) |
| Renter Occupied HU | 94 (12.1%) |
| Vacant Housing Units | 120 (15.4%) |
| Median Home Value | $186,648 |
| Average Home Value | $225,376 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
337
Multi-Family
39
Businesses
29
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