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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Monroe at 613 N Monroe St, Monroe, IA, 50170 listed at $159,000 pairs $1,342/mo rent with a $778/mo payment to leave $299/mo cash flow. Total monthly income runs $1,342/mo, and annual cash flow reaches $3,593/yr on $52,709 cash to close. Return on cash invested measures 26.73% in year one, and rental yield registers 10.13% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 139.95% and total cumulative return in cash totals $73,764. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,342/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50170, Monroe, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,218 (100%) |
| Owner Occupied HU | 954 (78.3%) |
| Renter Occupied HU | 204 (16.7%) |
| Vacant Housing Units | 60 ( 4.9%) |
| Median Home Value | $234,234 |
| Average Home Value | $274,903 |
Residential
738
Single Family
738
Multi-Family
0
Businesses
66
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Sold | $159,000 |
| 2025-06-06 | Pending sale | $165,000 |
| 2025-05-30 | Price change | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2540.00 | 7.45% | $177,100 | N/A |
| 2023-10-16 | $2364.00 | 10.57% | $177,100 | 29.41% |
| 2022-10-16 | $2138.00 | 10.32% | $136,850 | 9.59% |
Listed by: Jill Veenstra • Home Realty
Mls Name: DMMLS
Mls Provider:
Mls ID: #716623
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.
