1109 E 2nd St, Muscatine, IA, 52761 | $349/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1109 E 2nd St, Muscatine, IA, 52761 | $349/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Muscatine at 1109 E 2nd St, Muscatine, IA, 52761 uses $42,730 cash to close to unlock $4,185/yr annual cash flow and $349/mo monthly cash flow. Total monthly income runs $1,186/mo, and a $631/mo payment keeps the spread at $349/mo. Purchase price stands at $128,900, and rental yield measures 11.04% with $1,186/mo rent. Return on cash invested shows 29.7% in year one, and 5% annual appreciation builds toward $35,613 over five years. Five-year ROI reaches 155.79% and total cumulative return in cash records $66,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,186/mo property income covering a $631/mo payment rather than investor’s personal income.

Multi Family

Built in 1890

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Duplex with spacious apartments and all separate utility metering, separate furnaces and central AC. The first floor is a 2 bedroom, 1.5 bath apartment with a large living area, basement access and its own laundry hookups. 2nd floor is a bright and spacious 2 bedroom, 1 bath apartment also with a large living room, dine in kitchen, and a large entry area with laundry hookups. On the property is a 3 car detached garage that could be leased to residents or other renters. Additional parking pad for 1 vehicle. Paver patio area outside is a nice tenant amenity. Close to jobs, downtown, riverfront park, and other amenities. 2nd floor is ready to rent and easy to show. 1st floor is occupied and requires min 24 hour notice to show. Pro-forma rental analysis in documents area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52761, Muscatine, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,426 (100%)
Owner Occupied HU	8,606 (64.1%)
Renter Occupied HU	3,567 (26.6%)
Vacant Housing Units	1,253 ( 9.3%)
Median Home Value	$194,585
Average Home Value	$256,286