202 N Elder AveGraettingerIA51342
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
Investment Highlights
Investment property for sale in Graettinger at 202 N Elder Ave, Graettinger, IA, 51342 listed at $293,500 pairs $960/mo rent with a $1,437/mo payment. Total monthly income runs $960/mo. Return on cash invested measures 8.23% in year one, and rental yield registers 3.93% at a $293,500 basis. Equity gained on principal adds $1,894/yr, and annual property appreciation at 5% supports $81,089 by year five. Five-year ROI tracks 40.66% and total cumulative return in cash totals $39,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $1,437/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51342, Graettinger, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 559 (100%) |
| Owner Occupied HU | 386 (69.1%) |
| Renter Occupied HU | 95 (17.0%) |
| Vacant Housing Units | 78 (14.0%) |
| Median Home Value | $85,217 |
| Average Home Value | $118,672 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
364
Multi-Family
4
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Bierl • Hometown Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #231256
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.