904 NW Prairie Creek DrGrimesIA50111
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 Grimes at 904 NW Prairie Creek Dr, Grimes, IA, 50111 priced at $339,900 converts $2,749/mo rent into $519/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,749/mo, and annual cash flow totals $6,222/yr on $112,677 invested. Return on cash invested prints 25.43% in year one, and rental yield reads 9.71% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 132.96% and total cumulative return in cash sums $149,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,749/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2011
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Charter • Agency Iowa
Mls Name: DMMLS
Mls Provider:
Mls ID: #716578
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.