586 I AvePilot MoundIA50223
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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
Rental property for sale in Pilot Mound at 586 I Ave, Pilot Mound, IA, 50223 generates $2,035/mo in rent, after a $3,035/mo payment. Total monthly income is $2,035/mo. Return on cash invested sits at 8.34% in year one, and rental yield is 3.94% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 41.17% and total cumulative return in cash sums $83,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,035/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50223, Pilot Mound, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 177 (100%) |
| Owner Occupied HU | 137 (77.4%) |
| Renter Occupied HU | 16 ( 9.0%) |
| Vacant Housing Units | 24 (13.6%) |
| Median Home Value | $252,586 |
| Average Home Value | $259,307 |
Housing Distribution
Address Breakdown
Residential
119
Single Family
119
Multi-Family
0
Businesses
5
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Listed by: Amanda Nichols • iHome Realty
Mls Name: CIBR
Mls ID: #69112