1209 Spencer StGrinnellIA50112
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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 Grinnell at 1209 Spencer St, Grinnell, IA, 50112 earns $127/mo cash flow from $894/mo rent with a $578/mo payment. Total monthly income totals $894/mo, and annual cash flow totals $1,526/yr on $39,117 capital. ROI tracks 23.81% on current figures, and rental yield reads 9.09% at a $118,000 purchase. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash sums $48,615. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $894/mo property income instead of your personal income.
Single Family
Built in 1900
8,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50112, Grinnell, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,090 (100%) |
| Owner Occupied HU | 3,108 (61.1%) |
| Renter Occupied HU | 1,540 (30.3%) |
| Vacant Housing Units | 442 ( 8.7%) |
| Median Home Value | $216,307 |
| Average Home Value | $256,573 |
Housing Distribution
Address Breakdown
Residential
4,778
Single Family
4,187
Multi-Family
591
Businesses
414
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Listed by: Vigil, Caitlyn • Real Estate Solutions
Mls Name: DMMLS
Mls Provider:
Mls ID: #718240
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.