2819 390th AveGraettingerIA51342
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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 Graettinger at 2819 390th Ave, Graettinger, IA, 51342 generates $960/mo in rent, after a $1,855/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 5.57% in year one, and rental yield is 3.04% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 26.35% and total cumulative return in cash sums $33,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
15.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51342, Graettinger, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 559 (100%) |
| Owner Occupied HU | 386 (69.1%) |
| Renter Occupied HU | 95 (17.0%) |
| Vacant Housing Units | 78 (14.0%) |
| Median Home Value | $85,217 |
| Average Home Value | $118,672 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
364
Multi-Family
4
Businesses
47
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Listed by: Tanner Perrigo • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240597
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.