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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Mount Pleasant at 503 W Washington St, Mount Pleasant, IA, 52641 at $139,900 posts ROI 38.14% with $705/mo cash flow from $1,620/mo rent. Total monthly income equals $1,620/mo, and annual cash flow records $8,457/yr on $46,377 to close. Return on cash invested measures 38.14% and rental yield reads 13.9% at the current $139,900. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 by year five. Five-year ROI prints 201.11% and total cumulative return in cash totals $93,267.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
| 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 |
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Listed for sale | $139,900 |
| 2016-05-10 | Sold | $91,500 |
| 2012-09-26 | Sold | $70,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $2204.00 | 2.61% | $118,340 | 15.15% |
| 2022-10-14 | $2148.00 | 1.80% | $102,770 | N/A |
| 2021-10-14 | $2110.00 | 1.64% | $102,770 | 5.56% |
Listed by: Dennis Ebersole • Southeast Iowa Realty Inc
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321590
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.
