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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% |
Rental property for sale in Monroe at 617 N Main St, Monroe, IA, 50170 offers $1,580/mo rent that, after a $1,138/mo payment, leaves $70/mo cash flow. Total monthly income is $1,580/mo, and annual cash flow is $840/yr on $77,074 cash. Return on cash invested measures 21% in year one, and rental yield stands at 8.15% at a $232,500 entry. Equity gained on principal adds $1,500/yr while 5% annual appreciation compounds into $64,235 by year five. Five-year ROI records 109.08% and total cumulative return in cash reaches $84,072. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,580/mo property income versus a $1,138/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
8,712 sqft 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 |
|---|---|---|
| 2025-06-17 | Sold | $232,500 |
| 2025-05-05 | Pending sale | $227,500 |
| 2025-05-01 | Listed for sale | $227,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $2918.00 | 11.89% | $191,970 | N/A |
| 2023-10-08 | $2608.00 | 9.95% | $191,970 | 31.17% |
| 2022-10-08 | $2372.00 | 1.02% | $146,350 | 9.37% |
Listed by: Todd, Brady • Century 21 Signature
Mls Name: DMMLS
Mls Provider:
Mls ID: #716961
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.
