502 Wellman StMasonvilleIA50654
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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
Investment property for sale in Masonville at 502 Wellman St, Masonville, IA, 50654 offers a 9.53% rental yield on a $100,000 purchase with $794/mo rent. Total monthly income registers $794/mo, and a $489/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,740/yr on $33,150 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 131.38% and total cumulative return in cash at $43,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $794/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50654, Masonville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 194 (100%) |
| Owner Occupied HU | 153 (78.9%) |
| Renter Occupied HU | 19 ( 9.8%) |
| Vacant Housing Units | 22 (11.3%) |
| Median Home Value | $223,214 |
| Average Home Value | $293,235 |
Housing Distribution
Address Breakdown
Residential
161
Single Family
161
Multi-Family
0
Businesses
4
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Listed by: Kayla Aulwes • EXIT Realty Driftless Group
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #149865
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.