104 Country View DrMechanicsvilleIA52306
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 Mechanicsville at 104 Country View Dr, Mechanicsville, IA, 52306 offers $1,855/mo rent that, after a $1,126/mo payment, leaves $361/mo cash flow. Total monthly income is $1,855/mo, and annual cash flow is $4,332/yr on $76,245 cash. Return on cash invested measures 25.59% in year one, and rental yield stands at 9.68% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 133.71% and total cumulative return in cash reaches $101,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,855/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52306, Mechanicsville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 744 (100%) |
| Owner Occupied HU | 580 (78.0%) |
| Renter Occupied HU | 104 (14.0%) |
| Vacant Housing Units | 60 ( 8.1%) |
| Median Home Value | $183,984 |
| Average Home Value | $233,233 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
39
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Listed by: Steven Hankemeier • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls ID: #202504082