622 Elizabeth Ln NWBondurantIA50035
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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 Bondurant at 622 Elizabeth Ln NW, Bondurant, IA, 50035 priced at $307,900 pairs $2,724/mo rent with $724/mo cash flow after a $1,507/mo payment. Total monthly income equals $2,724/mo, and annual cash flow comes to $8,692/yr on $102,069 invested. Return on cash invested is 28.43% in year one, and rental yield stands at 10.62% on a $307,900 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,067 by year five. Five-year ROI measures 148.93% and total cumulative return in cash reaches $152,012. For financing, Ziffy Mortgage’s DSCR program evaluates $2,724/mo property income against a $1,507/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
4,573 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
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