305 2nd 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
Rental property for sale in Grundy Center at 305 2nd St, Grundy Center, IA, 50638 generates $1,709/mo in rent, after a $1,366/mo payment. Total monthly income is $1,709/mo. Return on cash invested sits at 18.57% in year one, and rental yield is 7.35% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 96.07% and total cumulative return in cash sums $88,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,709/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
10,454 sqft 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: Matthew Wikert • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20254986