9217 Ridgeview DrJohnstonIA50131
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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 Johnston at 9217 Ridgeview Dr, Johnston, IA, 50131 uses $129,617 cash to close to unlock $185/yr annual cash flow and $15/mo monthly cash flow. Total monthly income runs $2,569/mo, and a $1,914/mo payment keeps the spread at $15/mo. Purchase price stands at $391,000, and rental yield measures 7.88% with $2,569/mo rent. Return on cash invested shows 20.05% in year one, and 5% annual appreciation builds toward $108,026 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash records $134,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,569/mo property income covering a $1,914/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.56 Acres 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
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Listed by: Barb Wiedenman • Spire Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #720392
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.