1500 E Linden Dr LOT 113Mount 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 LOT 113, Mount Pleasant, IA, 52641 uses $37,294 cash to close to unlock $7,068/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $551/mo payment keeps the spread at $589/mo. Purchase price stands at $112,500, and rental yield measures 17.28% with $1,620/mo rent. Return on cash invested shows 38.86% in year one, and 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 208.36% and total cumulative return in cash records $77,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $551/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
$300 monthly 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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Listed by: Jon Salvador • Century 21/Property Profession
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319971
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.