308 N Cherry StMount PleasantIA52641
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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 Pleasant at 308 N Cherry St, Mount Pleasant, IA, 52641 offers a 5.37% rental yield on a $161,000 purchase with $720/mo rent. 59% in year one. Equity gained on principal adds $1,039/yr while 5% annual appreciation supports $44,481 over five years. Portfolio math shows five-year ROI at 64.02% and total cumulative return in cash at $34,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $788/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
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Listed by: Kimberly Logan • KL Real Estate Inc
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334523