423 S Grove StWalcottIA52773
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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 Walcott at 423 S Grove St, Walcott, IA, 52773 offers a 7.79% rental yield on a $265,000 purchase with $1,721/mo rent. Total monthly income registers $1,721/mo, and a $1,297/mo payment leaves $0/mo available for distribution. 91% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 103.23% and total cumulative return in cash at $90,687. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,721/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52773, Walcott, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,007 (100%) |
| Owner Occupied HU | 761 (75.6%) |
| Renter Occupied HU | 181 (18.0%) |
| Vacant Housing Units | 65 ( 6.5%) |
| Median Home Value | $222,739 |
| Average Home Value | $252,349 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
614
Multi-Family
33
Businesses
66
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