313 S Louisiana AveMason CityIA50401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mason City at 313 S Louisiana Ave, Mason City, IA, 50401 generates $1,486/mo in rent and, after a $918/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,486/mo, and annual cash flow is $3,216/yr on $62,156 invested. Return on cash invested sits at 25.08% in year one, and rental yield is 9.51% on a $187,500 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 130.99% and total cumulative return in cash sums $81,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,486/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHANNON ANDERSON • Re/max Heartland Realtors
Mls Name: Greater Mason BOR
Mls ID: #250781