415 4th Ave SWMount VernonIA52314
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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 Mount Vernon at 415 4th Ave SW, Mount Vernon, IA, 52314 offers $2,276/mo rent that, after a $1,282/mo payment, leaves $575/mo cash flow. Total monthly income is $2,276/mo, and annual cash flow is $6,898/yr on $86,853 cash. Return on cash invested measures 27.85% in year one, and rental yield stands at 10.42% at a $262,000 entry. Equity gained on principal adds $1,691/yr while 5% annual appreciation compounds into $72,386 by year five. Five-year ROI records 145.83% and total cumulative return in cash reaches $126,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,276/mo property income versus a $1,282/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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Listed by: Crystal Wherry • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2509107