1809 NE Heritage DrGrimesIA50111
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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
Investment property for sale in Grimes at 1809 NE Heritage Dr, Grimes, IA, 50111 with 5% annual appreciation on a $374,900 basis while $2,680/mo rent supports operations. Total monthly income totals $2,680/mo and a $1,835/mo payment preserves $245/mo for cash returns. Annual cash flow comes to $2,942/yr on $124,279 deployed, and return on cash invested reaches 22.28% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,578 alongside rental yield of 8.58%. Five-year ROI measures 115.96% and total cumulative return in cash totals $144,115.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,680/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
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Listed by: CARYN HELGESON • Iowa Realty Beaverdale
Mls Name: DMMLS
Mls Provider:
Mls ID: #716346
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.