Garnett ll Plan, Spring Meadow HeightsMount VernonIA52314
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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 Mount Vernon at Garnett ll Plan, Spring Meadow Heights, Mount Vernon, IA, 52314 with 5% annual appreciation on a $414,000 basis while $2,711/mo rent supports operations. Total monthly income totals $2,711/mo and a $2,026/mo payment preserves $23/mo for cash returns. Annual cash flow comes to $271/yr on $137,241 deployed, and return on cash invested reaches 20.11% in year one. Equity gained on principal adds $2,671/yr, and five-year appreciation sums $114,381 alongside rental yield of 7.86%. Five-year ROI measures 104.31% and total cumulative return in cash totals $143,155.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,711/mo property income versus a $2,026/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52314, Mount Vernon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,617 (75.5%) |
| Renter Occupied HU | 379 (17.7%) |
| Vacant Housing Units | 147 ( 6.9%) |
| Median Home Value | $330,475 |
| Average Home Value | $363,694 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,944
Multi-Family
68
Businesses
186
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Listed by: N/A • Skogman Homes
Mls Name: Skogman Homes
Mls ID: #N/A