202 E Grinnell St, Gibson, IA, 50104 | $271/mo Cash Flow

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202 E Grinnell St, Gibson, IA, 50104 | $271/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 Gibson at 202 E Grinnell St, Gibson, IA, 50104 priced at $110,000 converts $985/mo rent into $271/mo cash flow after a $538/mo obligation. Total monthly income equals $985/mo, and annual cash flow totals $3,252/yr on $36,465 invested. Return on cash invested prints 28.83% in year one, and rental yield reads 10.75% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 151.01% and total cumulative return in cash sums $55,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $985/mo property income covering a $538/mo payment, not borrower’s personal income.

Single Family

Built in 1959

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming well-maintained ranch home featuring 3-bedroom, 1-bath nestled in the quiet town of Gibson. Recent major updates, including a new furnace and A/C in 2025 and a roof thats only 5 years old. Private septic system which has been inspected and has Poweshiek Rural Water. Everything in the home including the appliances stay with the property. The LP tank is owned and stays along with the mower and pool. The spacious living room features a large picture window that fills the space with natural light. Enjoy the convenience of an attached single-stall garage with a generous breezeway perfect for extra storage or a mudroom area. The fenced-in backyard offers a great space for pets, play, or outdoor entertaining. Additional off-street parking is available in front of the home. Dont miss out on this well-cared-for property!