303 W 6th StMonticelloIA52310
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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 Monticello at 303 W 6th St, Monticello, IA, 52310 listed at $220,000 pairs $960/mo rent with a $1,077/mo payment. Total monthly income runs $960/mo. Return on cash invested measures 12.19% in year one, and rental yield registers 5.24% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 61.85% and total cumulative return in cash totals $45,107. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52310, Monticello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,901 (100%) |
| Owner Occupied HU | 2,047 (70.6%) |
| Renter Occupied HU | 621 (21.4%) |
| Vacant Housing Units | 233 ( 8.0%) |
| Median Home Value | $197,579 |
| Average Home Value | $240,809 |
Housing Distribution
Address Breakdown
Residential
2,617
Single Family
2,464
Multi-Family
153
Businesses
229
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Listed by: Michael Mcdonough • McDonough Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253695