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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 Mount Pleasant at 1904 S Meadow View Ave, Mount Pleasant, IA, 52641 generates $1,620/mo in rent and, after a $1,199/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $348/yr on $81,218 invested. Return on cash invested sits at 20.34% in year one, and rental yield is 7.93% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 105.52% and total cumulative return in cash sums $85,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Date | Event | Price |
|---|---|---|
| 2025-03-07 | Listed for sale | $245,000 |
| 2019-06-03 | Sold | $155,000 |
| 2019-04-24 | Pending sale | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $3232.00 | -3.64% | $195,790 | N/A |
| 2023-03-12 | $3354.00 | 2.63% | $195,790 | 18.45% |
| 2022-03-12 | $3268.00 | -15.99% | $165,290 | N/A |
Listed by: Melissa Peitz • Cottage Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325467
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.
