1500 E Linden Dr #97HR0OMount PleasantIA52641
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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 Pleasant at 1500 E Linden Dr #97HR0O, Mount Pleasant, IA, 52641 uses $82,709 cash to close to unlock $3,838/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $1,221/mo payment keeps the spread at $320/mo. Purchase price stands at $249,500, and rental yield measures 9.33% with $1,940/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 128.12% and total cumulative return in cash records $105,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $1,221/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
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