1309 Grape AvePackwoodIA52580
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1309 Grape Ave, Packwood, IA, 52580 in Packwood is a solid income-producing rental, 11.56% gross yield, $1,349/mo rent, $440/mo net cash flow on a $140,000 buy. DSCR 2.14 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $38,679 and $1,289/yr in principal reduction project a total cumulative return of $81,540.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.0% |
| Monthly Cash Flow | $440 | $300 |
City averages based on Packwood market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,349 |
| Total Monthly Debt Service | $854 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52580, Packwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 150 (72.8%) |
| Renter Occupied HU | 39 (18.9%) |
| Vacant Housing Units | 17 ( 8.3%) |
| Median Home Value | $175,833 |
| Average Home Value | $181,183 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
122
Multi-Family
16
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52580, Packwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 206 (100%) |
| Owner Occupied HU | 150 (72.8%) |
| Renter Occupied HU | 39 (18.9%) |
| Vacant Housing Units | 17 ( 8.3%) |
| Median Home Value | $175,833 |
| Average Home Value | $181,183 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
122
Multi-Family
16
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices