11 Garden Cottage LnGrinnellIA50112
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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
Rental property for sale in Grinnell at 11 Garden Cottage Ln, Grinnell, IA, 50112 offers $972/mo rent that, after a $1,219/mo payment. Total monthly income is $972/mo. Return on cash invested measures 9.07% in year one, and rental yield stands at 4.68% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 45.67% and total cumulative return in cash reaches $37,700. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $972/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
N/A lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50112, Grinnell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,090 (100%) |
| Owner Occupied HU | 3,108 (61.1%) |
| Renter Occupied HU | 1,540 (30.3%) |
| Vacant Housing Units | 442 ( 8.7%) |
| Median Home Value | $216,307 |
| Average Home Value | $256,573 |
Housing Distribution
Address Breakdown
Residential
4,778
Single Family
4,187
Multi-Family
591
Businesses
414
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Listed by: Kevin Kolbe • Ramsey Weeks Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #700572
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.