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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% |
Investment property for sale in Mitchellville at 400 Center Ave S, Mitchellville, IA, 50169 offers a 8.01% rental yield on a $215,000 purchase with $1,435/mo rent. Total monthly income registers $1,435/mo, and a $1,052/mo payment leaves $39/mo available for distribution. Annual cash flow reaches $468/yr on $71,273 to close, and return on cash invested stands at 20.57% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 106.75% and total cumulative return in cash at $76,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,435/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| 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 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
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: Rachelle Cochran • EXP Realty, LLC
Mls Name: DMMLS
Mls ID: #714253
