102 W Bluff StMingoIA50168
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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
Rental property for sale in Mingo at 102 W Bluff St, Mingo, IA, 50168 priced at $329,900 converts $1,838/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,838/mo. Return on cash invested prints 16.56% in year one, and rental yield reads 6.69% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 85.34% and total cumulative return in cash sums $93,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,838/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1924
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50168, Mingo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 330 (86.4%) |
| Renter Occupied HU | 28 ( 7.3%) |
| Vacant Housing Units | 24 ( 6.3%) |
| Median Home Value | $339,024 |
| Average Home Value | $360,644 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
8
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