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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Monroe at 116 S Monroe St, Monroe, IA, 50170 with 5% annual appreciation on a $149,900 basis while $0/mo rent supports operations. 61% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
7,261 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50170, Monroe, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,218 (100%) |
| Owner Occupied HU | 954 (78.3%) |
| Renter Occupied HU | 204 (16.7%) |
| Vacant Housing Units | 60 ( 4.9%) |
| Median Home Value | $234,234 |
| Average Home Value | $274,903 |
Residential
738
Single Family
738
Multi-Family
0
Businesses
66
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Price change | $149,900 |
| 2024-09-05 | Price change | $159,500 |
| 2024-08-26 | Listed for sale | $164,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1582.00 | 7.04% | $108,230 | 29.77% |
| 2022-10-15 | $1478.00 | -17.34% | $83,400 | 7.27% |
| 2021-10-15 | $1788.00 | -0.20% | $77,750 | -9.21% |
No similar rental properties found nearby.
Listed by: Gary Johnson • Coldwell Banker Mid-America
Mls Name: DMMLS
Mls Provider:
Mls ID: #701628
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.
