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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% |
Investment property for sale in Mitchellville at 200 Space Ave SW, Mitchellville, IA, 50169 uses $82,875 cash to close to unlock $3,060/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,879/mo, and a $1,224/mo payment keeps the spread at $255/mo. Purchase price stands at $250,000, and rental yield measures 9.02% with $1,879/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 123.03% and total cumulative return in cash records $101,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,879/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| 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 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $250,000 |
| 2022-09-13 | Sold | $211,000 |
| 2022-08-02 | Pending sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $2436.00 | 1.33% | $174,400 | 30.54% |
| 2022-04-02 | $2404.00 | 6.47% | $133,600 | N/A |
| 2021-04-02 | $2258.00 | 4.63% | $133,600 | 10.23% |
Listed by: Pennie Carroll • Pennie Carroll & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #714519
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.
