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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 Marengo at 697 E Adams St, Marengo, IA, 52301 listed at $167,500 pairs $1,337/mo rent with a $820/mo payment to leave $209/mo cash flow. Total monthly income runs $1,337/mo, and annual cash flow reaches $2,509/yr on $55,526 cash to close. Return on cash invested measures 24.43% in year one, and rental yield registers 9.58% at a $167,500 basis. Equity gained on principal adds $1,081/yr, and annual property appreciation at 5% supports $46,277 by year five. Five-year ROI tracks 127.86% and total cumulative return in cash totals $70,996. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,337/mo property income relative to a $820/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1880
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $167,500 |
| 2018-02-23 | Sold | $95,000 |
| 2017-10-09 | Price change | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $3025.00 | 17.29% | $182,570 | 27.30% |
| 2022-04-08 | $2579.00 | 10.83% | $143,420 | N/A |
| 2021-04-08 | $2327.00 | 8.43% | $143,420 | 19.17% |
Listed by: Scott Grimm • Grimm Company Real Estate
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502261
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
