638 Lincoln St NEBondurantIA50035
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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 638 Lincoln St NE, Bondurant, IA, 50035 priced at $405,000 converts $2,857/mo rent into $217/mo cash flow after a $1,982/mo obligation. Total monthly income equals $2,857/mo, and annual cash flow totals $2,604/yr on $134,258 invested. Return on cash invested prints 21.85% in year one, and rental yield reads 8.47% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. Five-year ROI reaches 113.66% and total cumulative return in cash sums $152,594. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,857/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 2019
9,104 sqft lot
$N/A/sqft
$120 annually 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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Listed by: Sarah Miller-Huegerich • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #719597
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.