723 S Monroe CtMason CityIA50401
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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
Rental property for sale in Mason City at 723 S Monroe Ct, Mason City, IA, 50401 priced at $324,000 converts $1,696/mo rent into after a $1,586/mo obligation. Total monthly income equals $1,696/mo. Return on cash invested prints 15.35% in year one, and rental yield reads 6.28% against a $324,000 entry. Equity gained on principal adds $2,091/yr, while 5% annual appreciation compiles into $89,515 by year five. Five-year ROI reaches 78.78% and total cumulative return in cash sums $84,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $1,586/mo payment, not borrower’s personal income.
Single Family
Built in 1992
8,848 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: DAWN RYE • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls ID: #250597