2 North StMiddletownIA52638
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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 Middletown at 2 North St, Middletown, IA, 52638 at $135,000 posts ROI 23.58% with $137/mo cash flow from $1,014/mo rent. Total monthly income equals $1,014/mo, and annual cash flow records $1,644/yr on $44,753 to close. Return on cash invested measures 23.58% and rental yield reads 9.01% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 122.92% and total cumulative return in cash totals $55,009.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,014/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
6.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52638, Middletown, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 153 (76.5%) |
| Renter Occupied HU | 33 (16.5%) |
| Vacant Housing Units | 14 ( 7.0%) |
| Median Home Value | $198,958 |
| Average Home Value | $334,984 |
Housing Distribution
Address Breakdown
Residential
164
Single Family
164
Multi-Family
0
Businesses
10
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Listed by: Wendy Corzatt • Ruhl & Ruhl, REALTORS
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6317676
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.