550 NW Cherrywood LnGrimesIA50111
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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 Grimes at 550 NW Cherrywood Ln, Grimes, IA, 50111 priced at $304,500 converts $2,514/mo rent into $537/mo cash flow after a $1,490/mo obligation. Total monthly income equals $2,514/mo, and annual cash flow totals $6,442/yr on $100,942 invested. Return on cash invested prints 26.29% in year one, and rental yield reads 9.91% against a $304,500 entry. Equity gained on principal adds $1,965/yr, while 5% annual appreciation compiles into $84,128 by year five. Five-year ROI reaches 137.46% and total cumulative return in cash sums $138,753. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $1,490/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
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