602 S Walnut StMount PleasantIA52641
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
Investment property for sale in Mount Pleasant at 602 S Walnut St, Mount Pleasant, IA, 52641 at $259,900 posts ROI 19.31% with from $1,645/mo rent. Total monthly income equals $1,645/mo. Return on cash invested measures 19.31% and rental yield reads 7.6% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 100.1% and total cumulative return in cash totals $86,242. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,645/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee S Smith • Cottage Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327184
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.