17283 S23 Hwy, Milo, IA, 50166 | 6.68% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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17283 S23 Hwy, Milo, IA, 50166 | 6.68% Rental Yield | Ziffy

For Sale

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 Milo at 17283 S23 Hwy, Milo, IA, 50166 generates $1,892/mo in rent, after a $1,664/mo payment. Total monthly income is $1,892/mo. Return on cash invested sits at 16.54% in year one, and rental yield is 6.68% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 85.19% and total cumulative return in cash sums $96,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,892/mo property income rather than buyer’s personal income.

Single Family

Built in 2007

1.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Acreage on Pavement Just Outside Milo! Enjoy peaceful country living with all the conveniences of town in this beautifully maintained ranch home less than a mile outside Milo and just 40 minutes from the Des Moines metro. Sitting on 1.5 acres on pavement, this single-owner property has been lovingly cared for and offers endless opportunities. Step inside to find a well-kept 3-bedroom, 2-bath home with a cozy stone gas fireplace and a large finished basement featuring a non-conforming 4th bedroom and plenty of room for entertaining or relaxing. Recent updates include a new roof, giving you peace of mind for years to come. Outside, youll find an attached garage, a small detached garage, and a massive outbuildingperfect for hobbies, a workshop, or extra storage. A couple of charming antique outbuildings remain from the original farmhouse, including a quaint summer kitchen that adds so much character to the property. With 1.5 acres just outside city limits, youll have space to garden, raise chickens, or simply enjoy the open air. Its the best of both worldscountry charm and convenience combined.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50166, Milo, IA area.

Housing Distribution

Housing Statistics

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