507 Mechanic StFayetteIA52142
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
Investment property for sale in Fayette at 507 Mechanic St, Fayette, IA, 52142 offers a 10.02% rental yield on a $164,000 purchase with $1,369/mo rent. Total monthly income registers $1,369/mo, and a $803/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,643/yr on $54,366 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,058/yr while 5% annual appreciation supports $45,310 over five years. Portfolio math shows five-year ROI at 139.23% and total cumulative return in cash at $75,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,369/mo property income against a $803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52142, Fayette, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 645 (100%) |
| Owner Occupied HU | 371 (57.5%) |
| Renter Occupied HU | 163 (25.3%) |
| Vacant Housing Units | 111 (17.2%) |
| Median Home Value | $167,585 |
| Average Home Value | $211,799 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
355
Multi-Family
12
Businesses
62
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