206 3rd St NEMitchellvilleIA50169
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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 Mitchellville at 206 3rd St NE, Mitchellville, IA, 50169 offers a 10.44% rental yield on a $235,000 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $1,150/mo payment leaves $518/mo available for distribution. Annual cash flow reaches $6,216/yr on $77,903 to close, and return on cash invested stands at 27.89% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 146.03% and total cumulative return in cash at $113,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
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Listed by: Susie Sheldahl • Realty One Group Impact
Mls Name: DMMLS
Mls ID: #730602