1504 Mulberry StTiptonIA52772
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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 Tipton at 1504 Mulberry St, Tipton, IA, 52772 with 5% annual appreciation on a $215,000 basis while $1,819/mo rent supports operations. Total monthly income totals $1,819/mo and a $1,052/mo payment preserves $423/mo for cash returns. Annual cash flow comes to $5,076/yr on $71,273 deployed, and return on cash invested reaches 27.03% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 10.15%. Five-year ROI measures 141.43% and total cumulative return in cash totals $100,801.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,819/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52772, Tipton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,362 (100%) |
| Owner Occupied HU | 1,694 (71.7%) |
| Renter Occupied HU | 450 (19.1%) |
| Vacant Housing Units | 218 ( 9.2%) |
| Median Home Value | $232,784 |
| Average Home Value | $300,643 |
Housing Distribution
Address Breakdown
Residential
2,148
Single Family
1,970
Multi-Family
178
Businesses
213
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Listed by: Steven Hankemeier • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501626
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.