200 High St SW, Mitchellville, IA, 50169 | $527/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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200 High St SW, Mitchellville, IA, 50169 | $527/mo Cash Flow | Ziffy

Pending

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 Mitchellville at 200 High St SW, Mitchellville, IA, 50169 priced at $142,500 pairs $1,452/mo rent with $527/mo cash flow after a $697/mo payment. Total monthly income equals $1,452/mo, and annual cash flow comes to $6,324/yr on $47,239 invested. Return on cash invested is 33.3% in year one, and rental yield stands at 12.23% on a $142,500 basis. Equity gained on principal adds $920/yr, and 5% annual appreciation accumulates to $39,370 by year five. Five-year ROI measures 175.01% and total cumulative return in cash reaches $82,671. For financing, Ziffy Mortgage’s DSCR program evaluates $1,452/mo property income against a $697/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity! Looking for a new charming place with an in-town acreage feel, then this is the one to call home! Built in 1900, this 2 bedroom, 1 bath home has so much of character. Situated on a corner lot, with close to a 1/3 of an acres, this homestead is framed with mature trees and surrounded by quiet and privacy and has a darling front porch. Main floor features large living room with neutral colors, white trim and closet for under stair storage. Lots of window throughout. Nice sized updated kitchen complete with electric stove, frig, dishwasher and stainless steel sink. Good sized dining area with sliders out to the deck and spacious yard. Built in laundry hookups for convenience or easily removed if desired. Full bath rounds out the main floor, with charming wood accent walls and window. Upstairs are 2 spacious bedrooms. Large 1 car garage has 352 SF, electric heater and man door. Wood privacy fenced yard and large deck. Extra large driveway/parking pad, perfect to add extra storage or outdoor entertainment/firepit area. Both home and garage have low maintenance metal siding, and both roofs new in 2021. HVAC new in 2024! Quick possession.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,159 (100%)
Owner Occupied HU	887 (76.5%)
Renter Occupied HU	203 (17.5%)
Vacant Housing Units	69 ( 6.0%)
Median Home Value	$309,928
Average Home Value	$321,812