604 10th StGrundy CenterIA50638
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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 Grundy Center at 604 10th St, Grundy Center, IA, 50638 generates $1,126/mo in rent and, after a $734/mo payment, leaves $152/mo in cash flow. Total monthly income is $1,126/mo, and annual cash flow is $1,826/yr on $49,692 invested. Return on cash invested sits at 23.58% in year one, and rental yield is 9.01% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.01% and total cumulative return in cash sums $61,127. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,126/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50638, Grundy Center, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,140 (73.2%) |
| Renter Occupied HU | 312 (20.0%) |
| Vacant Housing Units | 105 ( 6.7%) |
| Median Home Value | $185,860 |
| Average Home Value | $215,191 |
Housing Distribution
Address Breakdown
Residential
1,429
Single Family
1,429
Multi-Family
0
Businesses
150
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Listed by: Ron Garris, Crb,Crs • AWRE - Commercial & Development
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253843