LOT 2 E Holmans RdMount 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 LOT 2 E Holmans Rd, Mount Vernon, IA, 52314 listed at $251,100 pairs $1,640/mo rent with a $1,229/mo payment to leave $9/mo cash flow. Total monthly income runs $1,640/mo, and annual cash flow reaches $111/yr on $83,240 cash to close. Return on cash invested measures 20.04% in year one, and rental yield registers 7.84% at a $251,100 basis. Equity gained on principal adds $1,620/yr, and annual property appreciation at 5% supports $69,374 by year five. Five-year ROI tracks 103.99% and total cumulative return in cash totals $86,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,640/mo property income relative to a $1,229/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
13.95 Acres 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: Paul Pate, III • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406320
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.