11640 61st Avenue PlBlue GrassIA52726
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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 Blue Grass at 11640 61st Avenue Pl, Blue Grass, IA, 52726 generates $3,148/mo in rent, after a $2,937/mo payment. Total monthly income is $3,148/mo. Return on cash invested sits at 15.51% in year one, and rental yield is 6.3% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 79.59% and total cumulative return in cash sums $157,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,148/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52726, Blue Grass, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,611 (84.8%) |
| Renter Occupied HU | 202 (10.6%) |
| Vacant Housing Units | 86 ( 4.5%) |
| Median Home Value | $297,509 |
| Average Home Value | $357,084 |
Housing Distribution
Address Breakdown
Residential
1,821
Single Family
1,821
Multi-Family
0
Businesses
94
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Listed by: Chris McDanel • eXp Realty
Mls Name: RMLS Alliance
Mls ID: #QC4267887