1313 3rd St SWMount VernonIA52314
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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 Mount Vernon at 1313 3rd St SW, Mount Vernon, IA, 52314 uses $137,556 cash to close to unlock $13,969/yr annual cash flow and $1,164/mo monthly cash flow. Total monthly income runs $3,859/mo, and a $2,031/mo payment keeps the spread at $1,164/mo. Purchase price stands at $414,950, and rental yield measures 11.16% with $3,859/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $114,643 over five years. Five-year ROI reaches 157.73% and total cumulative return in cash records $216,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,859/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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Listed by: Meridith Hoffman • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2508360