300 E Hilton StMarengoIA52301
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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 Marengo at 300 E Hilton St, Marengo, IA, 52301 generates $1,285/mo in rent and, after a $783/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,285/mo, and annual cash flow is $2,954/yr on $53,007 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.64% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 133.24% and total cumulative return in cash sums $70,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,285/mo property income rather than buyer’s personal income.
Single Family
Built in 1870
10,454 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
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