407 M 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
Investment property for sale in Grundy Center at 407 M Ave, Grundy Center, IA, 50638 at $150,900 posts ROI 48.33% with $1,185/mo cash flow from $2,222/mo rent. Total monthly income equals $2,222/mo, and annual cash flow records $14,215/yr on $50,023 to close. Return on cash invested measures 48.33% and rental yield reads 17.67% at the current $150,900. Equity gained on principal adds $974/yr, and 5% annual appreciation supports $41,691 by year five. Five-year ROI prints 256.18% and total cumulative return in cash totals $128,148.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,222/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
9,583 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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Nearby investment properties with comparable prices
Listed by: Lance Bertram • Fischels Residential Group
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20240699
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 2024-02-12 13:19:33 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.