114 S Station 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 114 S Station St, Mingo, IA, 50168 offers a 9.47% rental yield on a $154,900 purchase with $1,222/mo rent. Total monthly income registers $1,222/mo, and a $758/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,594/yr on $51,349 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 130.42% and total cumulative return in cash at $66,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,222/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.28 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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Listed by: Ted Weaver • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #718475
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.