201 E Division StMorning SunIA52640
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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
Rental property for sale in Morning Sun at 201 E Division St, Morning Sun, IA, 52640 priced at $175,000 converts $1,332/mo rent into $195/mo cash flow after a $857/mo obligation. Total monthly income equals $1,332/mo, and annual cash flow totals $2,340/yr on $58,013 invested. Return on cash invested prints 23.94% in year one, and rental yield reads 9.13% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 124.89% and total cumulative return in cash sums $72,451. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,332/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52640, Morning Sun, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 406 (74.4%) |
| Renter Occupied HU | 81 (14.8%) |
| Vacant Housing Units | 59 (10.8%) |
| Median Home Value | $145,833 |
| Average Home Value | $194,803 |
Housing Distribution
Address Breakdown
Residential
339
Single Family
339
Multi-Family
0
Businesses
31
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Listed by: Bambi Boysen • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls ID: #202600611