202 W South StMarengoIA52301
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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 Marengo at 202 W South St, Marengo, IA, 52301 uses $64,643 cash to close to unlock $3,408/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $954/mo payment keeps the spread at $284/mo. Purchase price stands at $195,000, and rental yield measures 9.54% with $1,550/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 131.5% and total cumulative return in cash records $85,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Housing Distribution
Address Breakdown
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
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