14391 180th St, What Cheer, IA, 50268 | 5.5% Rental Yield

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14391 180th St, What Cheer, IA, 50268 | 5.5% Rental Yield | Ziffy

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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 What Cheer at 14391 180th St, What Cheer, IA, 50268 listed at $240,000 pairs $1,099/mo rent with a $1,175/mo payment. Total monthly income runs $1,099/mo. Return on cash invested measures 12.97% in year one, and rental yield registers 5.5% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 66.01% and total cumulative return in cash totals $52,514. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,099/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1986

1.64 Acres lot

$N/A/sqft

No HOA

More details about the property

This 4+ bed / 2 bath acreage is situated on over 1.5 acres with an attached garage and several small storage buildings. The location boasts mature fruit and shade trees and lots of privacy. There are beautiful cedar vaulted ceilings in the kitchen and living room with lots of natural light. The upper level has a large kitchen open to an even larger living room. Also on the upper level, two bedrooms with closets and a full bath. The lower level has two bedrooms with a 3rd studded in. There is a laundry room, additional family room, and a new (2023) full bath with a Bluetooth vent. Numerous updates have been done to the home including: new (and larger) septic system (2021), new vinyl plank and carpeting in the upper level (2021), new countertops and sink in the kitchen, 3 new exterior doors, water heater, pressure tank, and water pump - all 2021. New metal roof in 2020 and siding was stained at that time. The seller is mudding in the lower level bedrooms and will have them finished prior to closing. A water softener has been purchased and is awaiting installation. The home is currently being heated with an outdoor wood stove (that will remain on the property), but the seller is installing a newer furnace and A/C unit prior to closing. The LP tank is owned by the sellers and will remain on the property. The fridge, dishwasher, and stove will remain. The play set is negotiable. Lower level fridge, freezer, TVs, washer and dryer are reserved.