302 Main StMineolaIA51554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mineola at 302 Main St, Mineola, IA, 51554 priced at $225,000 pairs $1,580/mo rent with $119/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,580/mo, and annual cash flow comes to $1,428/yr on $74,588 invested. Return on cash invested is 21.82% in year one, and rental yield stands at 8.43% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 113.5% and total cumulative return in cash reaches $84,657. For financing, Ziffy Mortgage’s DSCR program evaluates $1,580/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51554, Mineola, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 65 (100%) |
| Owner Occupied HU | 56 (86.2%) |
| Renter Occupied HU | 4 ( 6.2%) |
| Vacant Housing Units | 5 ( 7.7%) |
| Median Home Value | $338,462 |
| Average Home Value | $379,241 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices