6948 Holly CtJohnstonIA50131
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 Johnston at 6948 Holly Ct, Johnston, IA, 50131 priced at $269,900 pairs $2,290/mo rent with $362/mo cash flow after a $1,321/mo payment. Total monthly income equals $2,290/mo, and annual cash flow comes to $4,346/yr on $89,472 invested. Return on cash invested is 24.77% in year one, and rental yield stands at 10.18% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 130.18% and total cumulative return in cash reaches $116,478. For financing, Ziffy Mortgage’s DSCR program evaluates $2,290/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
1,350 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50131, Johnston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,023 (100%) |
| Owner Occupied HU | 6,701 (60.8%) |
| Renter Occupied HU | 3,542 (32.1%) |
| Vacant Housing Units | 780 ( 7.1%) |
| Median Home Value | $379,844 |
| Average Home Value | $438,587 |
Housing Distribution
Address Breakdown
Residential
10,452
Single Family
8,790
Multi-Family
1,662
Businesses
712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Christiansen • EXP Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #714447
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.