8236 SE 26th AveRunnellsIA50237
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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 Runnells at 8236 SE 26th Ave, Runnells, IA, 50237 offers a 5.61% rental yield on a $435,000 purchase with $2,034/mo rent. 33% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 67.93% and total cumulative return in cash at $97,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50237, Runnells, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,058 (87.3%) |
| Renter Occupied HU | 116 ( 9.6%) |
| Vacant Housing Units | 38 ( 3.1%) |
| Median Home Value | $374,895 |
| Average Home Value | $411,269 |
Housing Distribution
Address Breakdown
Residential
1,129
Single Family
1,114
Multi-Family
15
Businesses
29
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Listed by: Pennie Carroll • Pennie Carroll & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #706402
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.