210 Mechanic StFayetteIA52142
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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 Fayette at 210 Mechanic St, Fayette, IA, 52142 uses $48,896 cash to close to unlock $936/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $722/mo payment keeps the spread at $78/mo. Purchase price stands at $147,500, and rental yield measures 8.43% with $1,036/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 113.51% and total cumulative return in cash records $55,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $722/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52142, Fayette, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 371 (57.5%) |
| Renter Occupied HU | 163 (25.3%) |
| Vacant Housing Units | 111 (17.2%) |
| Median Home Value | $167,585 |
| Average Home Value | $211,799 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
355
Multi-Family
12
Businesses
62
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