506 Fulton StGrand MoundIA52751
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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 Grand Mound at 506 Fulton St, Grand Mound, IA, 52751 with 5% annual appreciation on a $214,900 basis while $1,705/mo rent supports operations. Total monthly income totals $1,705/mo and a $1,052/mo payment preserves $309/mo for cash returns. Annual cash flow comes to $3,710/yr on $71,239 deployed, and return on cash invested reaches 25.12% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 9.52%. Five-year ROI measures 131.23% and total cumulative return in cash totals $93,486.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,705/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52751, Grand Mound, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 423 (100%) |
| Owner Occupied HU | 328 (77.5%) |
| Renter Occupied HU | 58 (13.7%) |
| Vacant Housing Units | 37 ( 8.7%) |
| Median Home Value | $290,476 |
| Average Home Value | $325,297 |
Housing Distribution
Address Breakdown
Residential
311
Single Family
311
Multi-Family
0
Businesses
26
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Listed by: Mike McManus • Ruhl&Ruhl REALTORS DeWitt
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4265004
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.