307 N John 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 307 N John St, Mechanicsville, IA, 52306 listed at $280,000 pairs $2,023/mo rent with a $1,370/mo payment to leave $205/mo cash flow. Total monthly income runs $2,023/mo, and annual cash flow reaches $2,460/yr on $92,820 cash to close. Return on cash invested measures 22.56% in year one, and rental yield registers 8.67% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 117.44% and total cumulative return in cash totals $109,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,023/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
9,583 sqft 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: Jeritt Rouse • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls ID: #2600288