901 Frost StGrundy CenterIA50638
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
Investment property for sale in Grundy Center at 901 Frost St, Grundy Center, IA, 50638 uses $60,665 cash to close to unlock $1,646/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $1,326/mo, and a $896/mo payment keeps the spread at $137/mo. Purchase price stands at $183,000, and rental yield measures 8.7% with $1,326/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 117.85% and total cumulative return in cash records $71,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,326/mo property income covering a $896/mo payment rather than investor’s personal income.
Single Family
Built in 1973
6,020 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A