401 S Mitchell StPrestonIA52069
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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
Investment property for sale in Preston at 401 S Mitchell St, Preston, IA, 52069 earns $276/mo cash flow from $1,445/mo rent with a $881/mo payment. Total monthly income totals $1,445/mo, and annual cash flow totals $3,312/yr on $59,670 capital. ROI tracks 25.46% on current figures, and rental yield reads 9.63% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 133% and total cumulative return in cash sums $79,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,445/mo property income instead of your personal income.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52069, Preston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 684 (100%) |
| Owner Occupied HU | 506 (74.0%) |
| Renter Occupied HU | 138 (20.2%) |
| Vacant Housing Units | 40 ( 5.8%) |
| Median Home Value | $185,648 |
| Average Home Value | $267,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
57
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