Adams II Plan, Grand Ridge EstatesVan MeterIA50038
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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 Van Meter at Adams II Plan, Grand Ridge Estates, Van Meter, IA, 50038 at $318,000 posts ROI 14.16% with from $1,560/mo rent. Total monthly income equals $1,560/mo. Return on cash invested measures 14.16% and rental yield reads 5.89% at the current $318,000. Equity gained on principal adds $2,052/yr, and 5% annual appreciation supports $87,858 by year five. Five-year ROI prints 72.47% and total cumulative return in cash totals $76,391. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50038, Booneville, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 99 (100%) |
| Owner Occupied HU | 70 (70.7%) |
| Renter Occupied HU | 27 (27.3%) |
| Vacant Housing Units | 2 ( 2.0%) |
| Median Home Value | $607,143 |
| Average Home Value | $637,929 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
8
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