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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Menlo at 310 2nd St, Menlo, IA, 50164 generates $1,330/mo in rent and, after a $905/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,330/mo, and annual cash flow is $1,548/yr on $61,328 invested. Return on cash invested sits at 22.43% in year one, and rental yield is 8.63% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 116.78% and total cumulative return in cash sums $71,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,330/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50164, Menlo, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 295 (100%) |
| Owner Occupied HU | 228 (77.3%) |
| Renter Occupied HU | 27 ( 9.2%) |
| Vacant Housing Units | 40 (13.6%) |
| Median Home Value | $234,000 |
| Average Home Value | $257,577 |
Residential
192
Single Family
192
Multi-Family
0
Businesses
19
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Margaret Tiernan • Stuart Realty LLC
Mls Name: DMMLS
Mls ID: #725852
