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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% |
Investment property for sale in Mitchellville at 800 Patchett Dr, Mitchellville, IA, 50169 offers a 9.87% rental yield on a $325,000 purchase with $2,672/mo rent. Total monthly income registers $2,672/mo, and a $1,591/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,732/yr on $107,738 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 136.73% and total cumulative return in cash at $147,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,672/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
9,016 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $325,000 |
| 2025-01-17 | Sold | $320,000 |
| 2024-05-10 | Sold | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-13 | $1650.00 | 160.25% | $312,500 | 269.82% |
| 2022-04-13 | $634.00 | -0.94% | $84,500 | 156.84% |
| 2021-04-13 | $640.00 | 1.59% | $32,900 | 3.13% |
Listed by: Sue Sutton-Ludwig • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #715257
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.
