5554 W 122nd St NMingoIA50168
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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
Investment Highlights
Investment property for sale in Mingo at 5554 W 122nd St N, Mingo, IA, 50168 offers a 3.84% rental yield on a $775,000 purchase with $2,479/mo rent. 04% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Portfolio math shows five-year ROI at 39.56% and total cumulative return in cash at $100,879. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,479/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
24.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50168, Mingo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 330 (86.4%) |
| Renter Occupied HU | 28 ( 7.3%) |
| Vacant Housing Units | 24 ( 6.3%) |
| Median Home Value | $339,024 |
| Average Home Value | $360,644 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
8
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Listed by: Heather Rawlins • Iowa Realty Colfax
Mls Name: DMMLS
Mls Provider:
Mls ID: #717110
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.