410 E Washington St, Monroe, IA, 50170 | Equity Gain $2,580/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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410 E Washington St, Monroe, IA, 50170 | Equity Gain $2,580/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Monroe at 410 E Washington St, Monroe, IA, 50170 priced at $399,900 converts $0/mo rent into after a $1,957/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.6% in year one, and rental yield reads 0% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,957/mo payment, not borrower’s personal income.

Single Family

Built in 1890

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Farmhouse with Modern Updates on 1 Acre in Town! Step into timeless elegance and modern comfort with this beautifully updated 2-story farmhouse nestled on a full acre lot right in the heart of Monroe. Built in 1890, this home blends historic charm with extensive contemporary upgrades, offering the perfect retreat for those seeking space, style, and function. Inside, youll find 5 spacious bedrooms, including new carpet in 3 bedrooms, two newly remodeled full baths, an open-feel kitchen, and a dedicated officeall thoughtfully refreshed for todays lifestyle. The elegant living and dining rooms connect to a brand new deck overlooking your huge yard. Beautiful character, shiplap, hardwood and laminate flooring, along with modern amenities like forced-air gas heat and central air, along with a new roof in 2025 enhance the homes timeless appeal. With a welcoming front porch and 2-car garage this home is a rare blend of character and convenience. Don't miss the opportunity to call it yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50170, Monroe, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,218 (100%)
Owner Occupied HU	954 (78.3%)
Renter Occupied HU	204 (16.7%)
Vacant Housing Units	60 ( 4.9%)
Median Home Value	$234,234
Average Home Value	$274,903