2655 Grace DrHiawathaIA52233
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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
Rental property for sale in Hiawatha at 2655 Grace Dr, Hiawatha, IA, 52233 generates $3,233/mo in rent and, after a $1,670/mo payment, leaves $1,017/mo in cash flow. Total monthly income is $3,233/mo, and annual cash flow is $12,207/yr on $113,075 invested. Return on cash invested sits at 30.7% in year one, and rental yield is 11.37% on a $341,100 entry. Equity gained on principal adds $2,201/yr, while 5% annual appreciation builds toward $94,240 over five years. Five-year ROI reaches 161.15% and total cumulative return in cash sums $182,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,233/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52233, Hiawatha, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 1,934 (59.8%) |
| Renter Occupied HU | 1,107 (34.2%) |
| Vacant Housing Units | 194 ( 6.0%) |
| Median Home Value | $226,802 |
| Average Home Value | $227,545 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
2,339
Multi-Family
1,018
Businesses
566
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