3001 SE Cobblestone DrGrimesIA50111
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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
Investment property for sale in Grimes at 3001 SE Cobblestone Dr, Grimes, IA, 50111 earns $407/mo cash flow from $2,379/mo rent with a $1,473/mo payment. Total monthly income totals $2,379/mo, and annual cash flow totals $4,887/yr on $99,748 capital. ROI tracks 24.81% on current figures, and rental yield reads 9.49% at a $300,900 purchase. Equity gained on principal adds $1,942/yr, and 5% annual appreciation supports $83,133 over five years. Five-year ROI reaches 129.62% and total cumulative return in cash sums $129,294. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,379/mo property income instead of your personal income.
Single Family
Built in 2007
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
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