604 W Madison StMount AyrIA50854
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
Rental property for sale in Mount Ayr at 604 W Madison St, Mount Ayr, IA, 50854 offers $981/mo rent that, after a $634/mo payment, leaves $140/mo cash flow. Total monthly income is $981/mo, and annual cash flow is $1,678/yr on $42,929 cash. Return on cash invested measures 23.82% in year one, and rental yield stands at 9.09% at a $129,500 entry. Equity gained on principal adds $836/yr while 5% annual appreciation compounds into $35,778 by year five. Five-year ROI records 124.23% and total cumulative return in cash reaches $53,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $981/mo property income versus a $634/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50854, Mount Ayr, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,112 (100%) |
| Owner Occupied HU | 690 (62.1%) |
| Renter Occupied HU | 278 (25.0%) |
| Vacant Housing Units | 144 (12.9%) |
| Median Home Value | $160,539 |
| Average Home Value | $196,409 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
964
Multi-Family
58
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wanda Hosfield • South Central Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325398
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.