502 E Monroe StMount PleasantIA52641
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 Mount Pleasant at 502 E Monroe St, Mount Pleasant, IA, 52641 offers $1,333/mo rent that, after a $832/mo payment, leaves $229/mo cash flow. Total monthly income is $1,333/mo, and annual cash flow is $2,750/yr on $56,322 cash. Return on cash invested measures 24.79% in year one, and rental yield stands at 9.41% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 129.52% and total cumulative return in cash reaches $72,950. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,333/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Salazar • Skogman Realty Co.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503511
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.