720 Spruce St NWBondurantIA50035
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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 Bondurant at 720 Spruce St NW, Bondurant, IA, 50035 priced at $278,900 pairs $2,255/mo rent with $218/mo cash flow after a $1,365/mo payment. Total monthly income equals $2,255/mo, and annual cash flow comes to $2,613/yr on $92,455 invested. Return on cash invested is 22.74% in year one, and rental yield stands at 9.7% on a $278,900 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,055 by year five. Five-year ROI measures 119.47% and total cumulative return in cash reaches $110,459. For financing, Ziffy Mortgage’s DSCR program evaluates $2,255/mo property income against a $1,365/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2021
1,698 sqft lot
$N/A/sqft
$226 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50035, Bondurant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,867 (85.5%) |
| Renter Occupied HU | 413 (12.3%) |
| Vacant Housing Units | 72 ( 2.1%) |
| Median Home Value | $343,186 |
| Average Home Value | $374,950 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,194
Multi-Family
443
Businesses
171
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Listed by: Gabby Fisher • Keller Williams Realty GDM
Mls Name: DMMLS
Mls Provider:
Mls ID: #721155
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.