895 W 8th St #3GarnerIA50438
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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 895 W 8th St #3, Garner, IA, 50438 offers a 8.61% rental yield on a $239,900 purchase with $1,721/mo rent. Total monthly income registers $1,721/mo, and a $1,174/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,358/yr on $79,527 to close, and return on cash invested stands at 21.62% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 112.73% and total cumulative return in cash at $89,647. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,721/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
0.28 Acres lot
$N/A/sqft
$50 monthly HOA
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Listed by: Emsad Begic • Vine Valley Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20244509
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.