449 Western AveMarengoIA52301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marengo at 449 Western Ave, Marengo, IA, 52301 offers $1,482/mo rent that, after a $1,027/mo payment, leaves $119/mo cash flow. Total monthly income is $1,482/mo, and annual cash flow is $1,430/yr on $69,582 cash. Return on cash invested measures 21.96% in year one, and rental yield stands at 8.47% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 114.33% and total cumulative return in cash reaches $79,556. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,482/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Housing Distribution
Address Breakdown
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices