700 5th StCorningIA50841
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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 Corning at 700 5th St, Corning, IA, 50841 priced at $164,500 converts $1,345/mo rent into $277/mo cash flow after a $805/mo obligation. Total monthly income equals $1,345/mo, and annual cash flow totals $3,322/yr on $54,532 invested. Return on cash invested prints 26% in year one, and rental yield reads 9.81% against a $164,500 entry. Equity gained on principal adds $1,061/yr, while 5% annual appreciation compiles into $45,448 by year five. Five-year ROI reaches 135.9% and total cumulative return in cash sums $74,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,345/mo property income covering a $805/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4,752 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
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