402 E Grundy AveConradIA50621
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 402 E Grundy Ave, Conrad, IA, 50621 in Conrad. Rental yield 0%. At $209,900 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $57,992 in new equity by year five, complemented by $1,933/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.5% |
| Monthly Cash Flow | $0 | $800 |
City averages based on Conrad market data in our database. Property projections are estimates.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50621, Conrad, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 475 (73.8%) |
| Renter Occupied HU | 99 (15.4%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $187,924 |
| Average Home Value | $244,595 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
64
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50621, Conrad, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 475 (73.8%) |
| Renter Occupied HU | 99 (15.4%) |
| Vacant Housing Units | 70 (10.9%) |
| Median Home Value | $187,924 |
| Average Home Value | $244,595 |
Housing Distribution
Address Breakdown
Residential
213
Single Family
213
Multi-Family
0
Businesses
64
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Cindy Brodin • Premier Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326702
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