108 S Cherry StMechanicsvilleIA52306
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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 Mechanicsville at 108 S Cherry St, Mechanicsville, IA, 52306 offers a 9.76% rental yield on a $200,000 purchase with $1,627/mo rent. Total monthly income registers $1,627/mo, and a $979/mo payment leaves $328/mo available for distribution. Annual cash flow reaches $3,936/yr on $66,300 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 135.07% and total cumulative return in cash at $89,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,627/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
6,969 sqft 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: Jaime Whitehead • RE/MAX CONCEPTS
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2500357
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.