1306 Grove Ave, Corning, IA, 50841 | $4/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1306 Grove Ave, Corning, IA, 50841 | $4/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Corning at 1306 Grove Ave, Corning, IA, 50841 offers $1,198/mo rent that, after a $856/mo payment, leaves $4/mo cash flow. Total monthly income is $1,198/mo, and annual cash flow is $45/yr on $57,979 cash. Return on cash invested measures 19.99% in year one, and rental yield stands at 8.22% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 104.11% and total cumulative return in cash reaches $60,360. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,198/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

8,550 sqft lot

$N/A/sqft

No HOA

More details about the property

Preferred Properties proudly presents the Ahrens Home - an attractive, 3-bedroom home with a partially finished basement. This property features a large sunroom, a private bedroom and bathroom located in the basement, and an attached, 2 car garage. All bedroom windows on the main floor have recently been replaced and the bathroom is currently under renovation to include a new shower surround and a fresh coat of paint. Additionally, the roof was redone in 2020 with Malarkey Shingles and has a transferrable warranty. All kitchen appliances are included!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50841, Corning, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,345 (100%)
Owner Occupied HU	856 (63.6%)
Renter Occupied HU	282 (21.0%)
Vacant Housing Units	207 (15.4%)
Median Home Value	$129,730
Average Home Value	$211,168