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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 Mitchellville at 701 Patchett Dr, Mitchellville, IA, 50169 generates $2,564/mo in rent and, after a $1,468/mo payment, leaves $602/mo in cash flow. Total monthly income is $2,564/mo, and annual cash flow is $7,218/yr on $99,450 invested. Return on cash invested sits at 27.17% in year one, and rental yield is 10.26% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 142.25% and total cumulative return in cash sums $141,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,564/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
9,888 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50169, Mitchellville, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 887 (76.5%) |
| Renter Occupied HU | 203 (17.5%) |
| Vacant Housing Units | 69 ( 6.0%) |
| Median Home Value | $309,928 |
| Average Home Value | $321,812 |
Residential
1,004
Single Family
962
Multi-Family
42
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $300,000 |
| 2025-07-13 | Pending sale | $304,000 |
| 2025-06-30 | Price change | $304,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $4734.00 | 6.81% | $286,500 | N/A |
| 2023-10-26 | $4432.00 | 1.19% | $286,500 | 26.21% |
| 2022-10-26 | $4380.00 | 522.16% | $227,000 | N/A |
Listed by: Mindy Cochran • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #720299
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.
