320 Wise CtMitchellvilleIA50169
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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 Mitchellville at 320 Wise Ct, Mitchellville, IA, 50169 priced at $320,000 converts $2,200/mo rent into $122/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,200/mo, and annual cash flow totals $1,464/yr on $106,080 invested. Return on cash invested prints 21.29% in year one, and rental yield reads 8.25% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 110.64% and total cumulative return in cash sums $117,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,200/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 887 (76.5%) |
| Renter Occupied HU | 203 (17.5%) |
| Vacant Housing Units | 69 ( 6.0%) |
| Median Home Value | $309,928 |
| Average Home Value | $321,812 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
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Listed by: Bonnie Christensen • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #715422
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.