501 N Mulberry StCrestonIA50801
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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 Creston at 501 N Mulberry St, Creston, IA, 50801 offers $1,080/mo rent that, after a $529/mo payment, leaves $378/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $4,538/yr on $35,802 cash. Return on cash invested measures 32.59% in year one, and rental yield stands at 12% at a $108,000 entry. Equity gained on principal adds $697/yr while 5% annual appreciation compounds into $29,838 by year five. Five-year ROI records 171.33% and total cumulative return in cash reaches $61,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $529/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1893
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50801, Creston, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,417 (100%) |
| Owner Occupied HU | 2,674 (60.5%) |
| Renter Occupied HU | 1,246 (28.2%) |
| Vacant Housing Units | 497 (11.3%) |
| Median Home Value | $133,418 |
| Average Home Value | $182,572 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,619
Multi-Family
354
Businesses
385
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