702 M AveGrundy 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
Investment property for sale in Grundy Center at 702 M Ave, Grundy Center, IA, 50638 with 5% annual appreciation on a $209,900 basis while $1,622/mo rent supports operations. Total monthly income totals $1,622/mo and a $1,027/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,110/yr on $69,582 deployed, and return on cash invested reaches 24.38% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 9.27%. Five-year ROI measures 127.27% and total cumulative return in cash totals $88,556.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,622/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
0.36 Acres 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: Sara Wegmann • Oakridge Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253422