105 NW 8th St UNIT 108GrimesIA50111
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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
Total monthly income runs $1,061/mo, and a $660/mo payment. Purchase price stands at $134,900, and rental yield measures 9.44% with $1,061/mo rent. Return on cash invested shows 19.11% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 101.15% and total cumulative return in cash records $45,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,061/mo property income covering a $660/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
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