349 E Washington StMarengoIA52301
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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 Marengo at 349 E Washington St, Marengo, IA, 52301 generates $1,116/mo in rent and, after a $759/mo payment, leaves $109/mo in cash flow. Total monthly income is $1,116/mo, and annual cash flow is $1,308/yr on $51,383 invested. Return on cash invested sits at 22.45% in year one, and rental yield is 8.64% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 116.87% and total cumulative return in cash sums $60,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,116/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Housing Distribution
Address Breakdown
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
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Listed by: Michelle David • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503723
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.