101 I AveGrundy CenterIA50638
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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 Grundy Center at 101 I Ave, Grundy Center, IA, 50638 earns $719/mo cash flow from $1,693/mo rent with a $734/mo payment. Total monthly income totals $1,693/mo, and annual cash flow totals $8,630/yr on $49,692 capital. ROI tracks 37.28% on current figures, and rental yield reads 13.55% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 196.47% and total cumulative return in cash sums $97,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,693/mo property income instead of your personal income.
Single Family
Built in 1917
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50638, Grundy Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,140 (73.2%) |
| Renter Occupied HU | 312 (20.0%) |
| Vacant Housing Units | 105 ( 6.7%) |
| Median Home Value | $185,860 |
| Average Home Value | $215,191 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
150
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Listed by: Brent Kriener • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254512