858 Highway 64MonmouthIA52309
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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 Monmouth at 858 Highway 64, Monmouth, IA, 52309 offers a 5.64% rental yield on a $335,000 purchase with $1,574/mo rent. 4% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 68.34% and total cumulative return in cash at $75,896. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,574/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52309, Monmouth, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 178 (100%) |
| Owner Occupied HU | 132 (74.2%) |
| Renter Occupied HU | 27 (15.2%) |
| Vacant Housing Units | 19 (10.7%) |
| Median Home Value | $157,813 |
| Average Home Value | $237,424 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
8
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Listed by: Abigail Schueller • Remax Advantage
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #150652
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.