209 Grove StCalamusIA52729
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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
Rental property for sale in Calamus at 209 Grove St, Calamus, IA, 52729 offers $1,278/mo rent that, after a $783/mo payment, leaves $239/mo cash flow. Total monthly income is $1,278/mo, and annual cash flow is $2,870/yr on $53,007 cash. Return on cash invested measures 25.32% in year one, and rental yield stands at 9.59% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 132.38% and total cumulative return in cash reaches $70,170. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,278/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52729, Calamus, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 303 (81.7%) |
| Renter Occupied HU | 46 (12.4%) |
| Vacant Housing Units | 22 ( 5.9%) |
| Median Home Value | $252,083 |
| Average Home Value | $351,733 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
21
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