305 Wolfe Ln NEMount VernonIA52314
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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 Mount Vernon at 305 Wolfe Ln NE, Mount Vernon, IA, 52314 earns $251/mo cash flow from $2,428/mo rent with a $1,468/mo payment. Total monthly income totals $2,428/mo, and annual cash flow totals $3,015/yr on $99,450 capital. ROI tracks 22.94% on current figures, and rental yield reads 9.71% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 120.53% and total cumulative return in cash sums $119,868. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,428/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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Listed by: Twins Home Team • Lee's Town & Country Real Estate
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2500051
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.