600 E Division StMorning SunIA52640
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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 Morning Sun at 600 E Division St, Morning Sun, IA, 52640 priced at $119,900 pairs $0/mo rent with after a $587/mo payment. Total monthly income equals $0/mo. Return on cash invested is -3.61% in year one, and rental yield stands at 0% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52640, Morning Sun, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 406 (74.4%) |
| Renter Occupied HU | 81 (14.8%) |
| Vacant Housing Units | 59 (10.8%) |
| Median Home Value | $145,833 |
| Average Home Value | $194,803 |
Housing Distribution
Address Breakdown
Residential
339
Single Family
339
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Danielle Delzell-Cary • RE/MAX Real Estate Specialists
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6333155