309 2nd Ave NWMount 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
Rental property for sale in Mount Vernon at 309 2nd Ave NW, Mount Vernon, IA, 52314 offers $2,111/mo rent that, after a $1,223/mo payment, leaves $488/mo cash flow. Total monthly income is $2,111/mo, and annual cash flow is $5,858/yr on $82,842 cash. Return on cash invested measures 26.98% in year one, and rental yield stands at 10.14% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 141.21% and total cumulative return in cash reaches $116,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,111/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No 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: Crystal Wherry • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2507285