601 Drury LnLe GrandIA50142
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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 Le Grand at 601 Drury Ln, Le Grand, IA, 50142 uses $72,897 cash to close to unlock $4,382/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $1,076/mo payment keeps the spread at $365/mo. Purchase price stands at $219,900, and rental yield measures 9.78% with $1,793/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 135.55% and total cumulative return in cash records $98,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1974
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50142, Le Grand, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 385 (100%) |
| Owner Occupied HU | 279 (72.5%) |
| Renter Occupied HU | 85 (22.1%) |
| Vacant Housing Units | 21 ( 5.5%) |
| Median Home Value | $154,167 |
| Average Home Value | $151,299 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
23
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