860 Division StGarnerIA50438
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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 Garner at 860 Division St, Garner, IA, 50438 offers a 16.21% rental yield on a $138,000 purchase with $1,864/mo rent. Total monthly income registers $1,864/mo, and a $675/mo payment leaves $968/mo available for distribution. Annual cash flow reaches $11,618/yr on $45,747 to close, and return on cash invested stands at 45.31% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,127 over five years. Portfolio math shows five-year ROI at 239.53% and total cumulative return in cash at $109,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,864/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Chad Schoneman • Schoneman, REALTORS
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6329286
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