208 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
Investment property for sale in Morning Sun at 208 E Division St, Morning Sun, IA, 52640 uses $37,128 cash to close to unlock $1,894/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $885/mo, and a $548/mo payment keeps the spread at $158/mo. Purchase price stands at $112,000, and rental yield measures 9.48% with $885/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 130.62% and total cumulative return in cash records $48,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $885/mo property income covering a $548/mo payment rather than investor’s personal income.
Single Family
Built in 1892
0.41 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: #202506292