408 Grove StBoydenIA51234
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 408 Grove St, Boyden, IA, 51234 in Boyden is narrow, $62/mo net on $1,848/mo rent after the $1,237/mo debt service, but the property operates at break-even-plus, not a loss. At $275,000 with a 8.06% yield, the long-run equity case via 5% appreciation ($75,977 over five years) and $2,533/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.49 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $108,615.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $62 | $150 |
City averages based on Boyden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,848 |
| Total Monthly Debt Service | $1,677 |
| DSCR Ratio | 1.10x |
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 1900
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51234, Boyden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 389 (79.2%) |
| Renter Occupied HU | 67 (13.6%) |
| Vacant Housing Units | 35 ( 7.1%) |
| Median Home Value | $228,425 |
| Average Home Value | $317,506 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
337
Multi-Family
0
Businesses
40
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 1900
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51234, Boyden, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 389 (79.2%) |
| Renter Occupied HU | 67 (13.6%) |
| Vacant Housing Units | 35 ( 7.1%) |
| Median Home Value | $228,425 |
| Average Home Value | $317,506 |
Housing Distribution
Address Breakdown
Residential
337
Single Family
337
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices