408 3rd StGraftonIA50440
INVESTMENT ANALYSIS
Investment Verdict
Solid Income408 3rd St, Grafton, IA, 50440 in Grafton earns a respectable 8.3% gross yield at $144,900, but after the $652/mo mortgage the net cash flow is $61/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.54) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $40,033 over five years, making equity the dominant return driver. Total projected return: $59,077.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $61 | $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 | $1,002 |
| Total Monthly Debt Service | $883 |
| DSCR Ratio | 1.13x |
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 1932
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50440, Grafton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 215 (100%) |
| Owner Occupied HU | 166 (77.2%) |
| Renter Occupied HU | 27 (12.6%) |
| Vacant Housing Units | 22 (10.2%) |
| Median Home Value | $192,188 |
| Average Home Value | $214,352 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
17
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 1932
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50440, Grafton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 215 (100%) |
| Owner Occupied HU | 166 (77.2%) |
| Renter Occupied HU | 27 (12.6%) |
| Vacant Housing Units | 22 (10.2%) |
| Median Home Value | $192,188 |
| Average Home Value | $214,352 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin M Kolbet • Kolbet Realtors
Mls Name: Northeast Iowa Regional BOR
Mls Provider:
Mls ID: #20251415
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 2025-04-08 11:37:43 PDT. 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.