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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 Marengo at 897 Lafayette Ave, Marengo, IA, 52301 earns $290/mo cash flow from $1,264/mo rent with a $734/mo payment. Total monthly income totals $1,264/mo, and annual cash flow totals $3,480/yr on $49,725 capital. ROI tracks 26.91% on current figures, and rental yield reads 10.11% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 140.73% and total cumulative return in cash sums $69,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,264/mo property income instead of your personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52301, Marengo, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,825 (100%) |
| Owner Occupied HU | 1,293 (70.8%) |
| Renter Occupied HU | 388 (21.3%) |
| Vacant Housing Units | 144 ( 7.9%) |
| Median Home Value | $173,966 |
| Average Home Value | $217,367 |
Residential
1,666
Single Family
1,582
Multi-Family
84
Businesses
141
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Listed for sale | $150,000 |
| 2012-09-10 | Sold | $80,000 |
| 2005-09-15 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-05 | $1920.00 | 17.22% | $96,340 | 12.63% |
| 2022-07-05 | $1638.00 | 6.23% | $85,540 | N/A |
| 2021-07-05 | $1542.00 | N/A | $85,540 | 14.96% |
Listed by: Jake McLaughlin • Iowa Elite Marketing Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202504278
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
