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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% |
Rental property for sale in Mount Pleasant at 3015 Hickory Ln, Mount Pleasant, IA, 52641 priced at $350,000 converts $2,008/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,008/mo. Return on cash invested prints 17.17% in year one, and rental yield reads 6.88% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 88.52% and total cumulative return in cash sums $102,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,008/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Date | Event | Price |
|---|---|---|
| 2025-06-04 | Listed for sale | $350,000 |
| 2025-06-04 | Listing removed | N/A |
| 2025-05-19 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-09 | $3986.00 | -5.77% | $268,800 | N/A |
| 2023-06-09 | $4230.00 | 1.20% | $268,800 | 15.32% |
| 2022-06-09 | $4180.00 | -2.70% | $233,090 | N/A |
Listed by: Kurt Clements • ListwithFreedom.com
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328308
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.
