404 S Grant StMount AyrIA50854
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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 Mount Ayr at 404 S Grant St, Mount Ayr, IA, 50854 generates $1,136/mo in rent, after a $925/mo payment. Total monthly income is $1,136/mo. Return on cash invested sits at 18.16% in year one, and rental yield is 7.21% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 93.9% and total cumulative return in cash sums $58,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,136/mo property income rather than buyer’s personal income.
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
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