Legacy Plan, Barrett EstatesUrbandaleIA50323
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 Urbandale at Legacy Plan, Barrett Estates, Urbandale, IA, 50323 priced at $367,000 pairs $3,031/mo rent with $648/mo cash flow after a $1,796/mo payment. Total monthly income equals $3,031/mo, and annual cash flow comes to $7,774/yr on $121,661 invested. Return on cash invested is 26.3% in year one, and rental yield stands at 9.91% on a $367,000 basis. Equity gained on principal adds $2,368/yr, and 5% annual appreciation accumulates to $101,395 by year five. Five-year ROI measures 137.51% and total cumulative return in cash reaches $167,291. For financing, Ziffy Mortgage’s DSCR program evaluates $3,031/mo property income against a $1,796/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50323, Urbandale, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,564 (100%) |
| Owner Occupied HU | 5,486 (83.6%) |
| Renter Occupied HU | 803 (12.2%) |
| Vacant Housing Units | 275 ( 4.2%) |
| Median Home Value | $452,309 |
| Average Home Value | $516,808 |
Housing Distribution
Address Breakdown
Residential
6,701
Single Family
6,582
Multi-Family
119
Businesses
393
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