841 Gratton StBurlingtonIA52601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Burlington at 841 Gratton St, Burlington, IA, 52601 offers $855/mo rent that, after a $551/mo payment, leaves $124/mo cash flow. Total monthly income is $855/mo, and annual cash flow is $1,488/yr on $37,294 cash. Return on cash invested measures 23.9% in year one, and rental yield stands at 9.12% at a $112,500 entry. Equity gained on principal adds $726/yr while 5% annual appreciation compounds into $31,082 by year five. Five-year ROI records 124.63% and total cumulative return in cash reaches $46,480. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $855/mo property income versus a $551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52601, Burlington, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 8,253 (59.1%) |
| Renter Occupied HU | 3,917 (28.0%) |
| Vacant Housing Units | 1,796 (12.9%) |
| Median Home Value | $158,166 |
| Average Home Value | $212,426 |
Housing Distribution
Address Breakdown
Residential
12,682
Single Family
11,980
Multi-Family
702
Businesses
1,151
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Listed by: Barbara Scott • HSHR, Inc.
Mls Name: RMLS Alliance
Mls ID: #CA1041272