502 Grove StBoydenIA51234
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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 Boyden at 502 Grove St, Boyden, IA, 51234 earns $147/mo cash flow from $1,361/mo rent with a $915/mo payment. Total monthly income totals $1,361/mo, and annual cash flow totals $1,762/yr on $61,991 capital. ROI tracks 22.75% on current figures, and rental yield reads 8.73% at a $187,000 purchase. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,665 over five years. Five-year ROI reaches 118.5% and total cumulative return in cash sums $73,458. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,361/mo property income instead of your personal income.
Single Family
Built in 1964
0.33 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
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