709 Elm StMapletonIA51034
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 Mapleton at 709 Elm St, Mapleton, IA, 51034 offers $1,505/mo rent that, after a $905/mo payment, leaves $304/mo cash flow. Total monthly income is $1,505/mo, and annual cash flow is $3,648/yr on $61,328 cash. Return on cash invested measures 25.86% in year one, and rental yield stands at 9.76% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 135.13% and total cumulative return in cash reaches $82,875. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,505/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51034, Mapleton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 822 (100%) |
| Owner Occupied HU | 571 (69.5%) |
| Renter Occupied HU | 153 (18.6%) |
| Vacant Housing Units | 98 (11.9%) |
| Median Home Value | $132,721 |
| Average Home Value | $185,473 |
Housing Distribution
Address Breakdown
Residential
739
Single Family
728
Multi-Family
11
Businesses
76
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