407 Main StMiloIA50166
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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 Milo at 407 Main St, Milo, IA, 50166 priced at $110,000 converts $1,589/mo rent into $875/mo cash flow after a $538/mo obligation. Total monthly income equals $1,589/mo, and annual cash flow totals $10,500/yr on $36,465 invested. Return on cash invested prints 48.7% in year one, and rental yield reads 17.33% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 257.64% and total cumulative return in cash sums $93,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,589/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1900
9,121 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50166, Milo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 545 (80.6%) |
| Renter Occupied HU | 87 (12.9%) |
| Vacant Housing Units | 44 ( 6.5%) |
| Median Home Value | $250,301 |
| Average Home Value | $313,725 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
25
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Listed by: Lisa Pierce • Summit Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #701126
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.