711 16th Ave #U202GrinnellIA50112
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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 Grinnell at 711 16th Ave #U202, Grinnell, IA, 50112 generates $972/mo in rent, after a $954/mo payment. Total monthly income is $972/mo. Return on cash invested sits at 14.45% in year one, and rental yield is 5.98% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 73.95% and total cumulative return in cash sums $47,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $972/mo property income rather than buyer’s personal income.
Condo
Built in 2004
2 sqft 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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