1701 Dana AveMondaminIA51557
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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 Mondamin at 1701 Dana Ave, Mondamin, IA, 51557 uses $129,285 cash to close to unlock $4,152/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,909/mo payment keeps the spread at $346/mo. Purchase price stands at $390,000, and rental yield measures 8.86% with $2,879/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 120.46% and total cumulative return in cash records $155,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1928
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51557, Mondamin, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 271 (71.1%) |
| Renter Occupied HU | 53 (13.9%) |
| Vacant Housing Units | 57 (15.0%) |
| Median Home Value | $174,537 |
| Average Home Value | $227,740 |
Housing Distribution
Address Breakdown
Residential
325
Single Family
317
Multi-Family
8
Businesses
19
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