118 S 1st StLong GroveIA52756
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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 Long Grove at 118 S 1st St, Long Grove, IA, 52756 generates $1,958/mo in rent, after a $1,493/mo payment. Total monthly income is $1,958/mo. Return on cash invested sits at 19.64% in year one, and rental yield is 7.7% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 101.77% and total cumulative return in cash sums $102,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,958/mo property income rather than buyer’s personal income.
Single Family
Built in 1887
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52756, Long Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 786 (87.4%) |
| Renter Occupied HU | 66 ( 7.3%) |
| Vacant Housing Units | 47 ( 5.2%) |
| Median Home Value | $372,115 |
| Average Home Value | $395,646 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
827
Multi-Family
0
Businesses
31
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Listed by: Robert Strupp • Home Marketor, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4268035