1029 1st St NEMason CityIA50401
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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 Mason City at 1029 1st St NE, Mason City, IA, 50401 generates $1,217/mo in rent and, after a $661/mo payment, leaves $340/mo in cash flow. Total monthly income is $1,217/mo, and annual cash flow is $4,080/yr on $44,753 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 10.82% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 152.14% and total cumulative return in cash sums $68,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,217/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: JESSICA SEARS • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls ID: #260050