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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% |
Rental property for sale in Mitchellville at 521 Elkhorn St, Mitchellville, IA, 50169 priced at $328,990 converts $2,696/mo rent into $560/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,696/mo, and annual cash flow totals $6,715/yr on $109,060 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 9.83% against a $328,990 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,894 by year five. Five-year ROI reaches 136.27% and total cumulative return in cash sums $148,614. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,696/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 2023
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 887 (76.5%) |
| Renter Occupied HU | 203 (17.5%) |
| Vacant Housing Units | 69 ( 6.0%) |
| Median Home Value | $309,928 |
| Average Home Value | $321,812 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listing removed | $329,900 |
| 2025-02-27 | Listed for sale | $329,900 |
| 2025-02-11 | Listing removed | $329,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #669833
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.
