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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Grimes at 1201 NW Norton St, Grimes, IA, 50111 listed at $380,000 pairs $2,892/mo rent with a $1,860/mo payment to leave $246/mo cash flow. Total monthly income runs $2,892/mo, and annual cash flow reaches $2,952/yr on $125,970 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 9.13% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 116.46% and total cumulative return in cash totals $146,701. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,892/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
| 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 |
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $380,000 |
| 2025-08-15 | Pending sale | $400,000 |
| 2025-07-16 | Price change | $400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $7912.00 | 10.29% | $433,700 | N/A |
| 2023-11-01 | $7174.00 | -0.64% | $433,700 | 29.19% |
| 2022-11-01 | $7220.00 | 2.15% | $335,700 | N/A |
Listed by: Ingrid Williams • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #720597
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.
