830 N Cedar St, Monticello, IA, 52310 | 6.39% Rental Yield

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830 N Cedar St, Monticello, IA, 52310 | 6.39% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Monticello at 830 N Cedar St, Monticello, IA, 52310 priced at $209,900 converts $1,118/mo rent into after a $1,027/mo obligation. Total monthly income equals $1,118/mo. Return on cash invested prints 15.69% in year one, and rental yield reads 6.39% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 80.67% and total cumulative return in cash sums $56,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,118/mo property income covering a $1,027/mo payment, not borrower’s personal income.

Single Family

Built in 1920

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Convenient location, unbelievable landscaping, breathtaking garage, wet bar! This home really has it all. Have a cocktail at the wet bar while the football game is on, all while staying warm by the wood burning fireplace. Better yet, have a garage party in the 30 x 25 heating AND cooled detached garage. This home really needs nothing. There is a giant master bedroom on the main level, with a walk-in closet, as well as another perfectly sized guest bedroom. 1 full bathroom on the main level, with an additional half bath on the lower level, where you can find a bonus rec area, which features a murphy bed, transforming the room into a non-conforming 3rd bedroom. These are the types of properties that dont last long, so schedule your showing before it's too late!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52310, Monticello, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,901 (100%)
Owner Occupied HU	2,047 (70.6%)
Renter Occupied HU	621 (21.4%)
Vacant Housing Units	233 ( 8.0%)
Median Home Value	$197,579
Average Home Value	$240,809