103 School StMysticIA52574
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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
Investment property for sale in Mystic at 103 School St, Mystic, IA, 52574 uses $49,725 cash to close to unlock $2,748/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,217/mo, and a $734/mo payment keeps the spread at $229/mo. Purchase price stands at $150,000, and rental yield measures 9.74% with $1,217/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $66,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,217/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52574, Mystic, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 389 (100%) |
| Owner Occupied HU | 272 (69.9%) |
| Renter Occupied HU | 36 ( 9.3%) |
| Vacant Housing Units | 81 (20.8%) |
| Median Home Value | $147,500 |
| Average Home Value | $177,160 |
Housing Distribution
Address Breakdown
Residential
339
Single Family
339
Multi-Family
0
Businesses
7
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Listed by: Carie Leon • Iowa Realty South Lakes
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6319830
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.