611 23rd St SWMason CityIA50401
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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 Mason City at 611 23rd St SW, Mason City, IA, 50401 generates $2,597/mo in rent and, after a $1,882/mo payment, leaves $100/mo in cash flow. Total monthly income is $2,597/mo, and annual cash flow is $1,198/yr on $127,462 invested. Return on cash invested sits at 20.85% in year one, and rental yield is 8.11% on a $384,500 entry. Equity gained on principal adds $2,481/yr, while 5% annual appreciation builds toward $106,230 over five years. Five-year ROI reaches 108.28% and total cumulative return in cash sums $138,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,597/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: Joe Chodur • Holtz Realty
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250256
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.