301 N 1st StLong GroveIA52756
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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 Long Grove at 301 N 1st St, Long Grove, IA, 52756 uses $81,218 cash to close to unlock $4,152/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,937/mo, and a $1,199/mo payment keeps the spread at $346/mo. Purchase price stands at $245,000, and rental yield measures 9.49% with $1,937/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 130.66% and total cumulative return in cash records $106,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,937/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52756, Long Grove, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 786 (87.4%) |
| Renter Occupied HU | 66 ( 7.3%) |
| Vacant Housing Units | 47 ( 5.2%) |
| Median Home Value | $372,115 |
| Average Home Value | $395,646 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
827
Multi-Family
0
Businesses
31
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Listed by: Shawna Burrow • NextHome QC Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000202