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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 Mount Pleasant at 400 E Washington St, Mount Pleasant, IA, 52641 listed at $245,000 pairs $720/mo rent with a $1,199/mo payment. Total monthly income runs $720/mo. Return on cash invested measures 7.04% in year one, and rental yield registers 3.53% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 34.2% and total cumulative return in cash totals $27,780. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $720/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1846
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Price change | $245,000 |
| 2025-03-13 | Price change | $259,900 |
| 2024-12-28 | Listed for sale | $251,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $3488.00 | -6.29% | $226,170 | N/A |
| 2023-05-01 | $3722.00 | 2.59% | $226,170 | 21.68% |
| 2022-05-01 | $3628.00 | 1.97% | $185,880 | N/A |
Listed by: Renee S Smith • Cottage Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325644
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.
