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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mitchellville at 208 2nd St NE, Mitchellville, IA, 50169 at $239,000 posts ROI 30.2% with $680/mo cash flow from $2,232/mo rent. Total monthly income equals $2,232/mo, and annual cash flow records $8,155/yr on $79,229 to close. Return on cash invested measures 30.2% and rental yield reads 11.21% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 158.46% and total cumulative return in cash totals $125,544.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,232/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| 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 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $239,000 |
| 2024-09-27 | Listing removed | $229,000 |
| 2024-08-19 | Price change | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $1262.00 | 1.28% | $93,600 | 27.35% |
| 2022-04-02 | $1246.00 | 3.32% | $73,500 | N/A |
| 2021-04-02 | $1206.00 | 1.86% | $73,500 | 6.99% |
Listed by: LaBrent Lawler • Iowa Realty Altoona
Mls Name: DMMLS
Mls Provider:
Mls ID: #714430
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.
