711 16th Ave #U203GrinnellIA50112
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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 711 16th Ave #U203, Grinnell, IA, 50112 listed at $212,000 pairs $972/mo rent with a $1,038/mo payment. Total monthly income runs $972/mo. Return on cash invested measures 12.99% in year one, and rental yield registers 5.5% at a $212,000 basis. Equity gained on principal adds $1,368/yr, and annual property appreciation at 5% supports $58,572 by year five. Five-year ROI tracks 66.14% and total cumulative return in cash totals $46,483. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $972/mo property income relative to a $1,038/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
1.84 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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