409 N Cedar StMonticelloIA52310
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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 Monticello at 409 N Cedar St, Monticello, IA, 52310 offers a 9.53% rental yield on a $188,500 purchase with $1,497/mo rent. Total monthly income registers $1,497/mo, and a $923/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,269/yr on $62,488 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $1,216/yr while 5% annual appreciation supports $52,079 over five years. Portfolio math shows five-year ROI at 131.35% and total cumulative return in cash at $82,077. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,497/mo property income against a $923/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52310, Monticello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,901 (100%) |
| Owner Occupied HU | 2,047 (70.6%) |
| Renter Occupied HU | 621 (21.4%) |
| Vacant Housing Units | 233 ( 8.0%) |
| Median Home Value | $197,579 |
| Average Home Value | $240,809 |
Housing Distribution
Address Breakdown
Residential
2,617
Single Family
2,464
Multi-Family
153
Businesses
229
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Listed by: Chassy Pollard • Better Way Realty
Mls Name: Iowa City Area AOR
Mls ID: #202600304