2950 Indian AveIda GroveIA51445
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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
Total monthly income runs $1,703/mo, and a $1,517/mo payment. Purchase price stands at $310,000, and rental yield measures 6.59% with $1,703/mo rent. Return on cash invested shows 16.29% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 83.81% and total cumulative return in cash records $86,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1952
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51445, Ida Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,397 (100%) |
| Owner Occupied HU | 863 (61.8%) |
| Renter Occupied HU | 354 (25.3%) |
| Vacant Housing Units | 180 (12.9%) |
| Median Home Value | $139,096 |
| Average Home Value | $178,786 |
Housing Distribution
Address Breakdown
Residential
1,239
Single Family
1,187
Multi-Family
52
Businesses
140
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Listed by: Dave Wiges • McCord Insurance & Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328199
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