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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 702 Jasper Ave NE, Mitchellville, IA, 50169 priced at $345,000 converts $2,494/mo rent into $253/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,494/mo, and annual cash flow totals $3,036/yr on $114,368 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 8.67% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 117.47% and total cumulative return in cash sums $134,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.92 Acres 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 | $345,000 |
| 2025-07-13 | Pending sale | $350,000 |
| 2025-07-13 | Listed for sale | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $4104.00 | 7.94% | $258,900 | N/A |
| 2023-10-15 | $3802.00 | 1.22% | $258,900 | 27.16% |
| 2022-10-15 | $3756.00 | 4.04% | $203,600 | N/A |
Listed by: Jen Lamb • Weichert, Realtors - 515 Agency
Mls Name: DMMLS
Mls Provider:
Mls ID: #721907
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.
