201 N Main StMonticelloIA52310
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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 Monticello at 201 N Main St, Monticello, IA, 52310 generates $1,295/mo in rent, after a $1,047/mo payment. Total monthly income is $1,295/mo. Return on cash invested sits at 18.31% in year one, and rental yield is 7.26% on a $214,000 entry. Equity gained on principal adds $1,381/yr, while 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 94.69% and total cumulative return in cash sums $67,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,295/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52310, Monticello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,901 (100%) |
| Owner Occupied HU | 2,047 (70.6%) |
| Renter Occupied HU | 621 (21.4%) |
| Vacant Housing Units | 233 ( 8.0%) |
| Median Home Value | $197,579 |
| Average Home Value | $240,809 |
Housing Distribution
Address Breakdown
Residential
2,617
Single Family
2,464
Multi-Family
153
Businesses
229
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Listed by: Carter Balentine • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501307
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.