106 Arch Ave NEMitchellvilleIA50169
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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 Mitchellville at 106 Arch Ave NE, Mitchellville, IA, 50169 at $145,000 posts ROI 23.9% with $160/mo cash flow from $1,102/mo rent. Total monthly income equals $1,102/mo, and annual cash flow records $1,920/yr on $48,068 to close. Return on cash invested measures 23.9% and rental yield reads 9.12% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 124.67% and total cumulative return in cash totals $59,924.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,102/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 887 (76.5%) |
| Renter Occupied HU | 203 (17.5%) |
| Vacant Housing Units | 69 ( 6.0%) |
| Median Home Value | $309,928 |
| Average Home Value | $321,812 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
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Listed by: Heather Rawlins • Iowa Realty Colfax
Mls Name: DMMLS
Mls ID: #733490