720 Summit AveFarnhamvilleIA50538
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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
Investment property for sale in Farnhamville at 720 Summit Ave, Farnhamville, IA, 50538 with 5% annual appreciation on a $265,400 basis while $2,008/mo rent supports operations. Total monthly income totals $2,008/mo and a $1,299/mo payment preserves $284/mo for cash returns. Annual cash flow comes to $3,412/yr on $87,980 deployed, and return on cash invested reaches 23.79% in year one. Equity gained on principal adds $1,713/yr, and five-year appreciation sums $73,325 alongside rental yield of 9.08%. Five-year ROI measures 124.06% and total cumulative return in cash totals $109,149.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,008/mo property income versus a $1,299/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50538, Farnhamville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 269 (100%) |
| Owner Occupied HU | 182 (67.7%) |
| Renter Occupied HU | 54 (20.1%) |
| Vacant Housing Units | 33 (12.3%) |
| Median Home Value | $150,000 |
| Average Home Value | $169,203 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
19
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