8808 Stonepointe LnJohnstonIA50131
Nearby investment properties with comparable rents
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
Rental property for sale in Johnston at 8808 Stonepointe Ln, Johnston, IA, 50131 generates $2,315/mo in rent and, after a $1,508/mo payment, leaves $314/mo in cash flow. Total monthly income is $2,315/mo, and annual cash flow is $3,770/yr on $102,102 invested. Return on cash invested sits at 23.6% in year one, and rental yield is 9.02% on a $308,000 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation builds toward $85,095 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash sums $125,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,315/mo property income rather than buyer’s personal income.
Condo
Built in 2003
3,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50131, Johnston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,023 (100%) |
| Owner Occupied HU | 6,701 (60.8%) |
| Renter Occupied HU | 3,542 (32.1%) |
| Vacant Housing Units | 780 ( 7.1%) |
| Median Home Value | $379,844 |
| Average Home Value | $438,587 |
Housing Distribution
Address Breakdown
Residential
10,452
Single Family
8,790
Multi-Family
1,662
Businesses
712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices