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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Blue Grass at 235 Walker Way, Blue Grass, IA, 52726 priced at $265,000 converts $1,851/mo rent into $55/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,851/mo, and annual cash flow totals $660/yr on $87,848 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 8.38% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 107.63% and total cumulative return in cash sums $94,551. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,851/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 2005
3,049 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood data shown for ZIP Code: 52726, Blue Grass, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,899 (100%) |
| Owner Occupied HU | 1,611 (84.8%) |
| Renter Occupied HU | 202 (10.6%) |
| Vacant Housing Units | 86 ( 4.5%) |
| Median Home Value | $297,509 |
| Average Home Value | $357,084 |
Residential
1,821
Single Family
1,821
Multi-Family
0
Businesses
94
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $265,000 |
| 2016-01-18 | Sold | $199,900 |
| 2015-12-01 | Listing removed | $1,250 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-05 | $2702.00 | -16.55% | $205,800 | N/A |
| 2023-04-05 | $3238.00 | 1.50% | $205,800 | 10.57% |
| 2022-04-05 | $3190.00 | -2.33% | $186,130 | N/A |
Listed by: Sally Johnson • RE/MAX People
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261842
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.
