Redwood Plan, Ridgedale HeightsJohnstonIA50131
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 Johnston at Redwood Plan, Ridgedale Heights, Johnston, IA, 50131 priced at $356,000 converts $2,987/mo rent into $675/mo cash flow after a $1,742/mo obligation. Total monthly income equals $2,987/mo, and annual cash flow totals $8,105/yr on $118,014 invested. Return on cash invested prints 26.78% in year one, and rental yield reads 10.07% against a $356,000 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation compiles into $98,356 by year five. Five-year ROI reaches 140.1% and total cumulative return in cash sums $165,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,987/mo property income covering a $1,742/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
