2656 Grace DrHiawathaIA52233
Nearby investment properties with comparable rents
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
Investment property for sale in Hiawatha at 2656 Grace Dr, Hiawatha, IA, 52233 earns $1,030/mo cash flow from $3,246/mo rent with a $1,670/mo payment. Total monthly income totals $3,246/mo, and annual cash flow totals $12,363/yr on $113,075 capital. ROI tracks 30.84% on current figures, and rental yield reads 11.42% at a $341,100 purchase. Equity gained on principal adds $2,201/yr, and 5% annual appreciation supports $94,240 over five years. Five-year ROI reaches 161.91% and total cumulative return in cash sums $183,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,246/mo property income instead of your 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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