109 N Walnut StMingoIA50168
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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 Mingo at 109 N Walnut St, Mingo, IA, 50168 with 5% annual appreciation on a $147,500 basis while $1,181/mo rent supports operations. Total monthly income totals $1,181/mo and a $722/mo payment preserves $223/mo for cash returns. Annual cash flow comes to $2,676/yr on $48,896 deployed, and return on cash invested reaches 25.38% in year one. Equity gained on principal adds $952/yr, and five-year appreciation sums $40,752 alongside rental yield of 9.61%. Five-year ROI measures 132.55% and total cumulative return in cash totals $64,813.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,181/mo property income versus a $722/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1901
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50168, Mingo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 330 (86.4%) |
| Renter Occupied HU | 28 ( 7.3%) |
| Vacant Housing Units | 24 ( 6.3%) |
| Median Home Value | $339,024 |
| Average Home Value | $360,644 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
8
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