303 4th StGrundy CenterIA50638
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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 Grundy Center at 303 4th St, Grundy Center, IA, 50638 uses $53,703 cash to close to unlock $2,398/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,252/mo, and a $793/mo payment keeps the spread at $200/mo. Purchase price stands at $162,000, and rental yield measures 9.27% with $1,252/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 127.2% and total cumulative return in cash records $68,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,252/mo property income covering a $793/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50638, Grundy Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,140 (73.2%) |
| Renter Occupied HU | 312 (20.0%) |
| Vacant Housing Units | 105 ( 6.7%) |
| Median Home Value | $185,860 |
| Average Home Value | $215,191 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
150
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Listed by: N/A • N/A
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