229 Main StreetMc GregorIA52157
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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 Mc Gregor at 229 Main Street, Mc Gregor, IA, 52157 generates $1,007/mo in rent, after a $1,003/mo payment. Total monthly income is $1,007/mo. Return on cash invested sits at 14.19% in year one, and rental yield is 5.89% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 72.55% and total cumulative return in cash sums $49,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,007/mo property income rather than buyer’s personal income.
Multi Family
Built in 1890
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52157, Mc Gregor, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 604 (61.2%) |
| Renter Occupied HU | 208 (21.1%) |
| Vacant Housing Units | 175 (17.7%) |
| Median Home Value | $208,738 |
| Average Home Value | $253,531 |
Housing Distribution
Address Breakdown
Residential
644
Single Family
577
Multi-Family
67
Businesses
65
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