621 N Cedar StMonticelloIA52310
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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 Monticello at 621 N Cedar St, Monticello, IA, 52310 uses $38,123 cash to close to unlock $1,416/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $865/mo, and a $563/mo payment keeps the spread at $118/mo. Purchase price stands at $115,000, and rental yield measures 9.03% with $865/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 123.16% and total cumulative return in cash records $46,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $865/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52310, Monticello, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,901 (100%) |
| Owner Occupied HU | 2,047 (70.6%) |
| Renter Occupied HU | 621 (21.4%) |
| Vacant Housing Units | 233 ( 8.0%) |
| Median Home Value | $197,579 |
| Average Home Value | $240,809 |
Housing Distribution
Address Breakdown
Residential
2,617
Single Family
2,464
Multi-Family
153
Businesses
229
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Listed by: Michael Mcdonough • McDonough Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254284