302 N Cherry StMechanicsvilleIA52306
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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
Investment property for sale in Mechanicsville at 302 N Cherry St, Mechanicsville, IA, 52306 earns $102/mo cash flow from $1,660/mo rent with a $1,174/mo payment. Total monthly income totals $1,660/mo, and annual cash flow totals $1,226/yr on $79,527 capital. ROI tracks 21.45% on current figures, and rental yield reads 8.3% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 111.55% and total cumulative return in cash sums $88,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,660/mo property income instead of your personal income.
Single Family
Built in 1865
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52306, Mechanicsville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 744 (100%) |
| Owner Occupied HU | 580 (78.0%) |
| Renter Occupied HU | 104 (14.0%) |
| Vacant Housing Units | 60 ( 8.1%) |
| Median Home Value | $183,984 |
| Average Home Value | $233,233 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
39
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Listed by: Ben Griffith • Griffith Real Estate
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503915
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.