204 C AveGrundy CenterIA50638
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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 Grundy Center at 204 C Ave, Grundy Center, IA, 50638 offers a 10.73% rental yield on a $245,000 purchase with $2,191/mo rent. Total monthly income registers $2,191/mo, and a $1,199/mo payment leaves $600/mo available for distribution. Annual cash flow reaches $7,200/yr on $81,218 to close, and return on cash invested stands at 28.77% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 150.77% and total cumulative return in cash at $122,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,191/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50638, Grundy Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,140 (73.2%) |
| Renter Occupied HU | 312 (20.0%) |
| Vacant Housing Units | 105 ( 6.7%) |
| Median Home Value | $185,860 |
| Average Home Value | $215,191 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
150
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Listed by: Matthew Wikert • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254585