102 N Locust St, Madrid, IA, 50156 | $48/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Madrid at 102 N Locust St, Madrid, IA, 50156 generates $2,094/mo in rent and, after a $1,542/mo payment, leaves $48/mo in cash flow. Total monthly income is $2,094/mo, and annual cash flow is $576/yr on $104,423 invested. Return on cash invested sits at 20.46% in year one, and rental yield is 7.98% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 106.19% and total cumulative return in cash sums $110,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,094/mo property income rather than buyer’s personal income.

Single Family

Built in 1880

0.30 Acres lot

$N/A/sqft

No HOA