Adams Plan, Grand Ridge EstatesVem1bd Van 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
Rental property for sale in Vem1bd Van Meter at Adams Plan, Grand Ridge Estates, Vem1bd Van Meter, IA, 50038 priced at $307,000 converts $1,560/mo rent into after a $1,503/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 14.79% in year one, and rental yield reads 6.1% against a $307,000 entry. Equity gained on principal adds $1,981/yr, while 5% annual appreciation compiles into $84,818 by year five. Five-year ROI reaches 75.8% and total cumulative return in cash sums $77,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,503/mo payment, not borrower’s personal income.
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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Listed by: N/A • Greenland Homes IA
Mls Name: Greenland Homes
Mls ID: #N/A