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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% |
Rental property for sale in Milo at 16402 Stone St, Milo, IA, 50166 generates $1,868/mo in rent, after a $1,908/mo payment. Total monthly income is $1,868/mo. Return on cash invested sits at 13.75% in year one, and rental yield is 5.75% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 70.22% and total cumulative return in cash sums $90,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,868/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50166, Milo, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 545 (80.6%) |
| Renter Occupied HU | 87 (12.9%) |
| Vacant Housing Units | 44 ( 6.5%) |
| Median Home Value | $250,301 |
| Average Home Value | $313,725 |
Residential
574
Single Family
574
Multi-Family
0
Businesses
25
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $389,900 |
| 2024-09-20 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2496.00 | 7.40% | $257,300 | 32.36% |
| 2022-10-15 | $2324.00 | -3.65% | $194,400 | N/A |
| 2021-10-15 | $2412.00 | -4.89% | $194,400 | 4.74% |
Listed by: KAREY BISHOP • Iowa Realty Indianola
Mls Name: DMMLS
Mls Provider:
Mls ID: #704411
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.
