402 4th St SWMason CityIA50401
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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 Mason City at 402 4th St SW, Mason City, IA, 50401 generates $1,672/mo in rent and, after a $1,101/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,672/mo, and annual cash flow is $2,532/yr on $74,588 invested. Return on cash invested sits at 23.3% in year one, and rental yield is 8.92% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 121.45% and total cumulative return in cash sums $90,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,672/mo property income rather than buyer’s personal income.
Townhouse
Built in 2014
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: BRETT SCHONEMAN • Schoneman, Realtors
Mls Name: Greater Mason BOR
Mls ID: #260008