1604 Mitchell PlTiffinIA52340
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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
Rental property for sale in Tiffin at 1604 Mitchell Pl, Tiffin, IA, 52340 priced at $309,900 converts $2,833/mo rent into $803/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,833/mo, and annual cash flow totals $9,642/yr on $102,732 invested. Return on cash invested prints 29.29% in year one, and rental yield reads 10.97% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 153.66% and total cumulative return in cash sums $157,860. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,833/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52340, Tiffin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,399 (100%) |
| Owner Occupied HU | 1,622 (67.6%) |
| Renter Occupied HU | 534 (22.3%) |
| Vacant Housing Units | 243 (10.1%) |
| Median Home Value | $343,688 |
| Average Home Value | $346,595 |
Housing Distribution
Address Breakdown
Residential
2,445
Single Family
2,168
Multi-Family
277
Businesses
140
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Listed by: Karla Davis • GATEWAY ACCESS REALTY
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202406447
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.