616 Pearl StGrinnellIA50112
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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 616 Pearl St, Grinnell, IA, 50112 uses $46,377 cash to close to unlock $758/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $972/mo, and a $685/mo payment keeps the spread at $63/mo. Purchase price stands at $139,900, and rental yield measures 8.34% with $972/mo rent. Return on cash invested shows 21.54% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 112.1% and total cumulative return in cash records $51,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.34 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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