703 N College AveMount PleasantIA52641
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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 Mount Pleasant at 703 N College Ave, Mount Pleasant, IA, 52641 uses $36,134 cash to close to unlock $139/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $720/mo, and a $534/mo payment keeps the spread at $12/mo. Purchase price stands at $109,000, and rental yield measures 7.93% with $720/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 105.34% and total cumulative return in cash records $38,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $720/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1944
6,098 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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Listed by: Style Haeffner • Meadow and Main Inc.
Mls Name: NoCoast MLS
Mls ID: #6331462