271 Grand Ridge Rim WayGarnavilloIA52049
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
Rental property for sale in Garnavillo at 271 Grand Ridge Rim Way, Garnavillo, IA, 52049 offers $3,276/mo rent that, after a $2,149/mo payment, leaves $375/mo cash flow. Total monthly income is $3,276/mo, and annual cash flow is $4,495/yr on $145,529 cash. Return on cash invested measures 23% in year one, and rental yield stands at 8.95% at a $439,000 entry. Equity gained on principal adds $2,833/yr while 5% annual appreciation compounds into $121,288 by year five. Five-year ROI records 119.96% and total cumulative return in cash reaches $174,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,276/mo property income versus a $2,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52049, Garnavillo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 436 (59.2%) |
| Renter Occupied HU | 132 (17.9%) |
| Vacant Housing Units | 169 (22.9%) |
| Median Home Value | $161,161 |
| Average Home Value | $231,835 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
403
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Marcks • EXIT Realty Driftless Group
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #149596
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.