214 2nd St SEMount 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
Rental property for sale in Mount Vernon at 214 2nd St SE, Mount Vernon, IA, 52314 priced at $236,000 pairs $2,202/mo rent with $669/mo cash flow after a $1,155/mo payment. Total monthly income equals $2,202/mo, and annual cash flow comes to $8,033/yr on $78,234 invested. Return on cash invested is 30.18% in year one, and rental yield stands at 11.2% on a $236,000 basis. Equity gained on principal adds $1,523/yr, and 5% annual appreciation accumulates to $65,202 by year five. Five-year ROI measures 158.33% and total cumulative return in cash reaches $123,870. For financing, Ziffy Mortgage’s DSCR program evaluates $2,202/mo property income against a $1,155/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1860
10,149 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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Listed by: Meagan Bennett-Twins Home Team • Lee's Town & Country Real Estate
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503186
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.