606 McDowell CirGrinnellIA50112
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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 Grinnell at 606 McDowell Cir, Grinnell, IA, 50112 with 5% annual appreciation on a $337,000 basis while $2,443/mo rent supports operations. Total monthly income totals $2,443/mo and a $1,649/mo payment preserves $220/mo for cash returns. Annual cash flow comes to $2,636/yr on $111,716 deployed, and return on cash invested reaches 22.27% in year one. Equity gained on principal adds $2,175/yr, and five-year appreciation sums $93,107 alongside rental yield of 8.7%. Five-year ROI measures 116.04% and total cumulative return in cash totals $129,636.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,443/mo property income versus a $1,649/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50112, Grinnell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,090 (100%) |
| Owner Occupied HU | 3,108 (61.1%) |
| Renter Occupied HU | 1,540 (30.3%) |
| Vacant Housing Units | 442 ( 8.7%) |
| Median Home Value | $216,307 |
| Average Home Value | $256,573 |
Housing Distribution
Address Breakdown
Residential
4,778
Single Family
4,187
Multi-Family
591
Businesses
414
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Listed by: Dallas Boerm • EXIT Realty & Associates
Mls Name: DMMLS
Mls Provider:
Mls ID: #704883
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.