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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 Pierson at 319 Main St, Pierson, IA, 51048 offers $864/mo rent that, after a $536/mo payment, leaves $153/mo cash flow. Total monthly income is $864/mo, and annual cash flow is $1,834/yr on $36,299 cash. Return on cash invested measures 24.96% in year one, and rental yield stands at 9.47% at a $109,500 entry. Equity gained on principal adds $707/yr while 5% annual appreciation compounds into $30,253 by year five. Five-year ROI records 130.35% and total cumulative return in cash reaches $47,315. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $864/mo property income versus a $536/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51048, Pierson, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 267 (100%) |
| Owner Occupied HU | 170 (63.7%) |
| Renter Occupied HU | 65 (24.3%) |
| Vacant Housing Units | 32 (12.0%) |
| Median Home Value | $220,313 |
| Average Home Value | $234,618 |
Residential
159
Single Family
159
Multi-Family
0
Businesses
14
Date | Event | Price |
|---|---|---|
| 2025-06-03 | Listed for sale | $109,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-06 | $1392.00 | 3.88% | $77,920 | N/A |
| 2023-06-06 | $1340.00 | 1.52% | $77,920 | 23.00% |
| 2022-06-06 | $1320.00 | 6.80% | $63,350 | N/A |
Listed by: Tiffani Smith • Exp Realty, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828941
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.
