407 K AveGrundy CenterIA50638
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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
Investment Highlights
Rental property for sale in Grundy Center at 407 K Ave, Grundy Center, IA, 50638 priced at $169,900 converts $1,536/mo rent into $432/mo cash flow after a $832/mo obligation. Total monthly income equals $1,536/mo, and annual cash flow totals $5,186/yr on $56,322 invested. Return on cash invested prints 29.12% in year one, and rental yield reads 10.85% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 152.7% and total cumulative return in cash sums $86,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,536/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1960
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: Sara Wegmann • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253269