223 E Belmont StMiloIA50166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milo at 223 E Belmont St, Milo, IA, 50166 offers $2,410/mo rent that, after a $1,297/mo payment, leaves $689/mo cash flow. Total monthly income is $2,410/mo, and annual cash flow is $8,268/yr on $87,848 cash. Return on cash invested measures 29.32% in year one, and rental yield stands at 10.91% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 153.71% and total cumulative return in cash reaches $135,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,410/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50166, Milo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 545 (80.6%) |
| Renter Occupied HU | 87 (12.9%) |
| Vacant Housing Units | 44 ( 6.5%) |
| Median Home Value | $250,301 |
| Average Home Value | $313,725 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
25
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Listed by: Bob Darr • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #716966
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.