604 W Washington StMount PleasantIA52641
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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 Mount Pleasant at 604 W Washington St, Mount Pleasant, IA, 52641 offers a 10.38% rental yield on a $114,900 purchase with $994/mo rent. Total monthly income registers $994/mo, and a $562/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,978/yr on $38,089 to close, and return on cash invested stands at 27.73% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 145.31% and total cumulative return in cash at $55,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $994/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
8,276 sqft 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
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Listed by: Samantha Westercamp • Southeast Iowa Realty Inc
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325247
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.