211 3rd St SWMount VernonIA52314
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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 Mount Vernon at 211 3rd St SW, Mount Vernon, IA, 52314 offers a 8.14% rental yield on a $228,000 purchase with $1,547/mo rent. Total monthly income registers $1,547/mo, and a $1,116/mo payment leaves $66/mo available for distribution. Annual cash flow reaches $794/yr on $75,582 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $1,471/yr while 5% annual appreciation supports $62,992 over five years. Portfolio math shows five-year ROI at 108.92% and total cumulative return in cash at $82,323. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,547/mo property income against a $1,116/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1860
8,724 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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