703 E Alter DrMount PleasantIA52641
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Mount Pleasant at 703 E Alter Dr, Mount Pleasant, IA, 52641 priced at $146,000 pairs $1,328/mo rent with $352/mo cash flow after a $715/mo payment. Total monthly income equals $1,328/mo, and annual cash flow comes to $4,226/yr on $48,399 invested. Return on cash invested is 28.64% in year one, and rental yield stands at 10.92% on a $146,000 basis. Equity gained on principal adds $942/yr, and 5% annual appreciation accumulates to $40,337 by year five. Five-year ROI measures 150.4% and total cumulative return in cash reaches $72,790. For financing, Ziffy Mortgage’s DSCR program evaluates $1,328/mo property income against a $715/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
9,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52641, Mount Pleasant, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,051 (100%) |
| Owner Occupied HU | 3,191 (63.2%) |
| Renter Occupied HU | 1,428 (28.3%) |
| Vacant Housing Units | 432 ( 8.6%) |
| Median Home Value | $175,163 |
| Average Home Value | $210,482 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,458
Multi-Family
390
Businesses
517
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