1591 331st Dr, Madrid, IA, 50156 | 6.42% Rental Yield

For Sale

Listed for sale 2 days ago

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

Rental property for sale in Madrid at 1591 331st Dr, Madrid, IA, 50156 generates $1,807/mo in rent, after a $1,652/mo payment. Total monthly income is $1,807/mo. Return on cash invested sits at 15.78% in year one, and rental yield is 6.42% on a $337,500 entry. Equity gained on principal adds $2,178/yr, while 5% annual appreciation builds toward $93,245 over five years. Five-year ROI reaches 81.09% and total cumulative return in cash sums $90,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,807/mo property income rather than buyer’s personal income.

Single Family

Built in 1971

0.49 Acres lot

$N/A/sqft

No HOA