664 Terrace Park Blvd APT 5MilfordIA51351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milford at 664 Terrace Park Blvd APT 5, Milford, IA, 51351 generates $954/mo in rent, after a $679/mo payment. Total monthly income is $954/mo. Return on cash invested sits at 17.04% in year one, and rental yield is 8.25% on a $138,800 entry. Equity gained on principal adds $896/yr, while 5% annual appreciation builds toward $38,348 over five years. Five-year ROI reaches 89.39% and total cumulative return in cash sums $41,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’s personal income.
Condo
Built in 1999
3,049 sqft lot
$N/A/sqft
$163 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn Strickland • Hoien Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250236
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.