664 Terrace Park Blvd APT 8MilfordIA51351
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 8, Milford, IA, 51351 generates $1,320/mo in rent and, after a $771/mo payment, leaves $134/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $1,608/yr on $52,211 invested. Return on cash invested sits at 22.99% in year one, and rental yield is 10.06% on a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 121.12% and total cumulative return in cash sums $63,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/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: Keith Brockmeyer • Lakeland Realty of Iowa
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #251283
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.