2485 Highway 6 Trl, Marengo, IA, 52301 | 3.46% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2485 Highway 6 Trl, Marengo, IA, 52301 | 3.46% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Marengo at 2485 Highway 6 Trl, Marengo, IA, 52301 earns from $1,109/mo rent with a $1,884/mo payment. Total monthly income totals $1,109/mo. ROI tracks 6.83% on current figures, and rental yield reads 3.46% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 33.1% and total cumulative return in cash sums $42,250. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,109/mo property income instead of your personal income.

Single Family

Built in 1920

9.06 Acres lot

$N/A/sqft

No HOA

More details about the property

This Iowa county acreage offers a charming retreat with numerous updates and a picturesque setting, making it an ideal property. Situated on just over 9 acres along a hard surface road. Upon entering, the light-filled interior welcomes you, creating a bright and inviting atmosphere throughout the home. The oversized renovated kitchen stands out as a focal point, showcasing a mix of white upper cabinets and dark lowers, stainless steel appliances, stylish backsplash, an island for added workspace, window above the sink offering scenic views, trendy fixtures, and a chic dining space with a built-in bench for cozy meals. The living room features a sliding glass door that floods the space with natural light and leads to a patio. The laundry room, with a hexagon tile floor includes washer and dryer, adds convenience to your daily routines. A full bathroom with a tub/shower, newly updated in 2023, provides a modern and functional space. Moving to the upper level, two spacious bedrooms one with painted hardwood floors offer comfortable space, while a bonus room provides versatility as an additional closet, den, or office, catering to various lifestyle needs. Furnace new in 2020. A two-stall garage and multiple outbuildings offer ample storage space, work area and parking options.

Neighborhood Data

Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,825 (100%)
Owner Occupied HU	1,293 (70.8%)
Renter Occupied HU	388 (21.3%)
Vacant Housing Units	144 ( 7.9%)
Median Home Value	$173,966
Average Home Value	$217,367