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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 Brighton at 402 S Mechanic St, Brighton, IA, 52540 uses $76,245 cash to close to unlock $2,544/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,706/mo, and a $1,126/mo payment keeps the spread at $212/mo. Purchase price stands at $230,000, and rental yield measures 8.9% with $1,706/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 121.13% and total cumulative return in cash records $92,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,706/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1914
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52540, Brighton, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 625 (100%) |
| Owner Occupied HU | 431 (69.0%) |
| Renter Occupied HU | 138 (22.1%) |
| Vacant Housing Units | 56 ( 9.0%) |
| Median Home Value | $135,500 |
| Average Home Value | $196,015 |
Residential
451
Single Family
451
Multi-Family
0
Businesses
30
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Sold | $230,000 |
| 2025-05-03 | Listed for sale | $239,900 |
| 2023-09-01 | Sold | $248,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $1870.00 | 13.61% | $174,000 | 60.66% |
| 2023-10-12 | $1646.00 | 3.52% | $108,300 | 30.01% |
| 2022-10-12 | $1590.00 | 146.13% | $83,300 | N/A |
Listed by: Hayley Hershberger • KALONA REALTY, INC.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502951
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
