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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Menlo at 301 6th St, Menlo, IA, 50164 generates $0/mo in rent, after a $905/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.59% in year one, and rental yield is 0% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50164, Menlo, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 295 (100%) |
| Owner Occupied HU | 228 (77.3%) |
| Renter Occupied HU | 27 ( 9.2%) |
| Vacant Housing Units | 40 (13.6%) |
| Median Home Value | $234,000 |
| Average Home Value | $257,577 |
Residential
192
Single Family
192
Multi-Family
0
Businesses
19
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Pending sale | $185,000 |
| 2025-09-03 | Listed for sale | $185,000 |
| 2025-09-02 | Pending sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $1324.00 | 1.85% | $98,400 | N/A |
| 2023-10-13 | $1300.00 | 6.56% | $98,400 | 29.99% |
| 2022-10-13 | $1220.00 | -12.61% | $75,700 | N/A |
No similar rental properties found nearby.
Listed by: Misty Darling • Better Homes & Gardens Real Estate Innovations
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6331432
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.
