201 7th Ave NWMount VernonIA52314
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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 Mount Vernon at 201 7th Ave NW, Mount Vernon, IA, 52314 uses $92,820 cash to close to unlock $4,596/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,201/mo, and a $1,370/mo payment keeps the spread at $383/mo. Purchase price stands at $280,000, and rental yield measures 9.43% with $2,201/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 129.78% and total cumulative return in cash records $120,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,201/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1910
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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Listed by: TJ Kopet • Edge Realty Group
Mls Name: Iowa City Area AOR
Mls ID: #202600617