5 Oakridge DrGrinnellIA50112
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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
Rental property for sale in Grinnell at 5 Oakridge Dr, Grinnell, IA, 50112 priced at $288,000 converts $2,456/mo rent into $585/mo cash flow after a $1,410/mo obligation. Total monthly income equals $2,456/mo, and annual cash flow totals $7,022/yr on $95,472 invested. Return on cash invested prints 27.26% in year one, and rental yield reads 10.23% against a $288,000 entry. Equity gained on principal adds $1,858/yr, while 5% annual appreciation compiles into $79,569 by year five. Five-year ROI reaches 142.72% and total cumulative return in cash sums $136,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,456/mo property income covering a $1,410/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50112, Grinnell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,090 (100%) |
| Owner Occupied HU | 3,108 (61.1%) |
| Renter Occupied HU | 1,540 (30.3%) |
| Vacant Housing Units | 442 ( 8.7%) |
| Median Home Value | $216,307 |
| Average Home Value | $256,573 |
Housing Distribution
Address Breakdown
Residential
4,778
Single Family
4,187
Multi-Family
591
Businesses
414
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