724 17th AveGilbertvilleIA50634
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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
Investment property for sale in Gilbertville at 724 17th Ave, Gilbertville, IA, 50634 earns $109/mo cash flow from $1,602/mo rent with a $1,125/mo payment. Total monthly income totals $1,602/mo, and annual cash flow totals $1,310/yr on $76,212 capital. ROI tracks 21.63% on current figures, and rental yield reads 8.36% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 112.5% and total cumulative return in cash sums $85,739. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,602/mo property income instead of your personal income.
Single Family
Built in 1979
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50634, Gilbertville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 350 (100%) |
| Owner Occupied HU | 295 (84.3%) |
| Renter Occupied HU | 37 (10.6%) |
| Vacant Housing Units | 18 ( 5.1%) |
| Median Home Value | $262,500 |
| Average Home Value | $268,203 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
17
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Listed by: Bond Shymansky • Skogman Realty
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254456