426 W 148th St S, Mitchellville, IA, 50169 | 5.93% Rental Yield

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426 W 148th St S, Mitchellville, IA, 50169 | 5.93% Rental Yield | 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 Mitchellville at 426 W 148th St S, Mitchellville, IA, 50169 generates $2,359/mo in rent, after a $2,335/mo payment. Total monthly income is $2,359/mo. Return on cash invested sits at 14.3% in year one, and rental yield is 5.93% on a $477,000 entry. Equity gained on principal adds $3,078/yr, while 5% annual appreciation builds toward $131,786 over five years. Five-year ROI reaches 73.16% and total cumulative return in cash sums $115,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,359/mo property income rather than buyer’s personal income.

Single Family

Built in 2005

2.65 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a stunning Acreage just north of Mitchellville! This spacious 3 bedroom, 3 bath walkout ranch sits on 2.65 acres of secluded land in a convenient location within 2 miles of I-80. The layout is open and practical with plenty of natural light. The kitchen and appliances have just been updated to include quartz counter tops. The living room features a gas fireplace. The open feel is perfect for entertaining, with a large island and dining area leading to the huge deck and patio with an outstanding firepit. The primary bedroom suite includes a walk-in closet, large recently updated bathroom, with easy access to a first floor laundry room. The main level also includes a second bedroom and full bathroom. In the finished lover level, you will find a third bedroom and 3/4 bath, a large family room, plenty of storage space, and an additional walk-out patio. The new roof in 2023 and the AC and furnace is only 6 months old. The great location offers privacy while being accessible to surrounding towns and the interstate.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,159 (100%)
Owner Occupied HU	887 (76.5%)
Renter Occupied HU	203 (17.5%)
Vacant Housing Units	69 ( 6.0%)
Median Home Value	$309,928
Average Home Value	$321,812