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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Burlington at 1557 Mason Ln, Burlington, IA, 52601 offers a 6.38% rental yield on a $220,000 purchase with $1,170/mo rent. 06% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 62.44% and total cumulative return in cash at $45,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
6,185 sqft lot
$N/A/sqft
$218 monthly HOA
Neighborhood data shown for ZIP Code: 52601, Burlington, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 8,253 (59.1%) |
| Renter Occupied HU | 3,917 (28.0%) |
| Vacant Housing Units | 1,796 (12.9%) |
| Median Home Value | $158,166 |
| Average Home Value | $212,426 |
Residential
12,682
Single Family
11,980
Multi-Family
702
Businesses
1,151
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $220,000 |
| 2021-03-12 | Sold | $164,500 |
| 2021-02-11 | Pending sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $2702.00 | -9.08% | $176,700 | N/A |
| 2023-06-01 | $2972.00 | -1.46% | $176,700 | 12.48% |
| 2022-06-01 | $3016.00 | -12.17% | $157,100 | N/A |
Listed by: Judith A Stevens • RE/MAX Real Estate Specialists
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328036
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.
