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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Corning at 900 SW 7th St, Corning, IA, 50841 generates $840/mo in rent, after a $759/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 16.01% in year one, and rental yield is 6.5% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 82.31% and total cumulative return in cash sums $42,292. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1888
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50841, Corning, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 856 (63.6%) |
| Renter Occupied HU | 282 (21.0%) |
| Vacant Housing Units | 207 (15.4%) |
| Median Home Value | $129,730 |
| Average Home Value | $211,168 |
Residential
1,208
Single Family
1,188
Multi-Family
20
Businesses
141
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Krymsin Graf • Iowa Realty Ankeny
Mls Name: DMMLS
Mls ID: #725383
