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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mitchellville at 300 2nd St NE, Mitchellville, IA, 50169 listed at $130,000 pairs $986/mo rent with a $636/mo payment to leave $142/mo cash flow. Total monthly income runs $986/mo, and annual cash flow reaches $1,704/yr on $43,095 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 9.1% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 124.42% and total cumulative return in cash totals $53,619. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $986/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 887 (76.5%) |
| Renter Occupied HU | 203 (17.5%) |
| Vacant Housing Units | 69 ( 6.0%) |
| Median Home Value | $309,928 |
| Average Home Value | $321,812 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christopher Foster • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls ID: #727529
