9516 Garnet LnJohnstonIA50131
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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 9516 Garnet Ln, Johnston, IA, 50131 listed at $252,900 pairs $1,972/mo rent with a $1,238/mo payment to leave $39/mo cash flow. Total monthly income runs $1,972/mo, and annual cash flow reaches $472/yr on $83,836 cash to close. Return on cash invested measures 20.47% in year one, and rental yield registers 9.36% at a $252,900 basis. Equity gained on principal adds $1,632/yr, and annual property appreciation at 5% supports $69,872 by year five. Five-year ROI tracks 107.79% and total cumulative return in cash totals $90,368. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,972/mo property income relative to a $1,238/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
2,482 sqft lot
$N/A/sqft
$290 monthly 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: Ross Peterson • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #715289
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