515 W Monroe StWashingtonIA52353
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 Washington at 515 W Monroe St, Washington, IA, 52353 offers $2,117/mo rent that, after a $1,076/mo payment, leaves $689/mo cash flow. Total monthly income is $2,117/mo, and annual cash flow is $8,270/yr on $72,897 cash. Return on cash invested measures 31.25% in year one, and rental yield stands at 11.55% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 164.13% and total cumulative return in cash reaches $119,644. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,117/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Housing Distribution
Address Breakdown
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Hochstedler Yoder • KALONA REALTY, INC.
Mls Name: Iowa City Area AOR
Mls ID: #202600013