309 E H AveGrundy 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 309 E H Ave, Grundy Center, IA, 50638 priced at $339,000 converts $1,237/mo rent into after a $1,659/mo obligation. Total monthly income equals $1,237/mo. Return on cash invested prints 9.61% in year one, and rental yield reads 4.38% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 48.01% and total cumulative return in cash sums $53,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,237/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.28 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: Matthew Wikert • RE/MAX Concepts - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253199