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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 302 E Washington St, Mount Pleasant, IA, 52641 offers $2,104/mo rent that, after a $709/mo payment, leaves $1,157/mo cash flow. Total monthly income is $2,104/mo, and annual cash flow is $13,889/yr on $48,008 cash. Return on cash invested measures 48.84% in year one, and rental yield stands at 17.43% at a $144,820 entry. Equity gained on principal adds $935/yr while 5% annual appreciation compounds into $40,011 by year five. Five-year ROI records 258.51% and total cumulative return in cash reaches $124,104. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,104/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
0.26 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 |
|---|---|---|
| 2025-07-02 | Listing removed | N/A |
| 2025-05-06 | Listed for sale | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2272.00 | -5.49% | $144,820 | 2.85% |
| 2023-10-16 | $2404.00 | 15.80% | $140,810 | 16.38% |
| 2022-10-16 | $2076.00 | 1.67% | $120,990 | 11.78% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
