613 N Palm AveMount 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 613 N Palm Ave, Mount Pleasant, IA, 52641 listed at $119,000 pairs $954/mo rent with a $582/mo payment to leave $182/mo cash flow. Total monthly income runs $954/mo, and annual cash flow reaches $2,179/yr on $39,449 cash to close. Return on cash invested measures 25.43% in year one, and rental yield registers 9.62% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 132.92% and total cumulative return in cash totals $52,433. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
7,405 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: Holly J Burden • Cottage Realty LLC
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6334292