404 S Grant StMount AyrIA50854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 404 S Grant St, Mount Ayr, IA, 50854 in Mount Ayr is listed at $189,000 and delivers $1,662/mo in rent and $306/mo in net monthly cash flow. The 10.55% yield and 1.96 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $52,217 over five years, and $1,741/yr in principal reduction supplements cash return. Total projected cumulative return: $99,887.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $306 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,662 |
| Total Monthly Debt Service | $1,152 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2014
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50854, Mount Ayr, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,112 (100%) |
| Owner Occupied HU | 690 (62.1%) |
| Renter Occupied HU | 278 (25.0%) |
| Vacant Housing Units | 144 (12.9%) |
| Median Home Value | $160,539 |
| Average Home Value | $196,409 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
964
Multi-Family
58
Businesses
149
Nearby investment properties with comparable rents
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 2014
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50854, Mount Ayr, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,112 (100%) |
| Owner Occupied HU | 690 (62.1%) |
| Renter Occupied HU | 278 (25.0%) |
| Vacant Housing Units | 144 (12.9%) |
| Median Home Value | $160,539 |
| Average Home Value | $196,409 |
Housing Distribution
Address Breakdown
Residential
1,022
Single Family
964
Multi-Family
58
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices