705 E 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
Total monthly income runs $810/mo, and a $954/mo payment. Purchase price stands at $194,900, and rental yield measures 4.99% with $810/mo rent. Return on cash invested shows 11.44% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 57.9% and total cumulative return in cash records $37,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $810/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,098 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: Lori Burmester • Schuck Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20253626