5020 Quail Ave, Monroe, IA, 50170 | 6.1% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5020 Quail Ave, Monroe, IA, 50170 | 6.1% 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 Monroe at 5020 Quail Ave, Monroe, IA, 50170 offers $1,958/mo rent that, after a $1,884/mo payment. Total monthly income is $1,958/mo. Return on cash invested measures 14.81% in year one, and rental yield stands at 6.1% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 75.9% and total cumulative return in cash reaches $96,874. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,958/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1875

1.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Call the homeowner today at (515) 570-9654 to schedule your showing! Are you ready for a fantastic acreage and life in the country...but with fast access to town? This charming 2 story is located in on a quiet gravel road, in a country setting, located just 1/2 mile from Monroe. It's on city water, it's just minutes to PCM schools, and it's right next to the Red Rock Prairie Trail for the walking/running/biking enthusiast. When you arrive, you'll love the mature trees, marvelous views, peace, and tranquility. When you step inside you'll discover a spacious living room with hardwood floors and a wood burning stove to help take the chill of those Iowa winter nights! There's a dine-in kitchen with laminate counters and a tiled backsplash. The stainless steel appliances are included. A hinged door exit takes you outside to a partially covered concrete patio. In the yard you'll discover a detached 2-car garage, a utility shed, and 2 large outbuildings. One is cold storage and the second building is heated. There's also a spa/jacuzzi. The yard includes many mature trees and it's a great place to spot a variety of wildlife including birds, wild turkey, and deer. Back inside, the primary bedroom is on the main floor and there's a full bath with a tiled step-in shower. On the upper level you'll find 3 bedrooms and a full bath. The laundry hook-ups are on the unfinished lower level and there's plenty of clean and dry storage space. This home is just off Highway 163 with a 30-minute commute to Des Moines. It's centrally located near Newton, Knoxville and Pella. This acreage is a MUST SEE. Don't miss out on this great opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50170, Monroe, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,218 (100%)
Owner Occupied HU	954 (78.3%)
Renter Occupied HU	204 (16.7%)
Vacant Housing Units	60 ( 4.9%)
Median Home Value	$234,234
Average Home Value	$274,903