2150 NE 18th St UNIT 99GrimesIA50111
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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 2150 NE 18th St UNIT 99, Grimes, IA, 50111 earns $561/mo cash flow from $1,718/mo rent with a $872/mo payment. Total monthly income totals $1,718/mo, and annual cash flow totals $6,731/yr on $59,073 capital. ROI tracks 31.3% on current figures, and rental yield reads 11.57% at a $178,200 purchase. Equity gained on principal adds $1,150/yr, and 5% annual appreciation supports $49,233 over five years. Five-year ROI reaches 164.32% and total cumulative return in cash sums $97,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,718/mo property income instead of your personal income.
Condo
Built in 2007
N/A 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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