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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% |
Rental property for sale in Montezuma at 1533 Spencer St, Montezuma, IA, 50112 generates $1,444/mo in rent and, after a $696/mo payment, leaves $506/mo in cash flow. Total monthly income is $1,444/mo, and annual cash flow is $6,068/yr on $47,113 invested. Return on cash invested sits at 32.79% in year one, and rental yield is 12.19% on a $142,120 entry. Equity gained on principal adds $917/yr, while 5% annual appreciation builds toward $39,265 over five years. Five-year ROI reaches 172.5% and total cumulative return in cash sums $81,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50112, Grinnell, IA area.
| 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 |
Residential
4,778
Single Family
4,187
Multi-Family
591
Businesses
414
Date | Event | Price |
|---|---|---|
| 2025-10-01 | Listing removed | $103,000 |
| 2025-06-16 | Listed for sale | $103,000 |
| 2021-03-10 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $2340.00 | -8.83% | $142,120 | N/A |
| 2023-10-29 | $2566.52 | 13.76% | $142,120 | 18.05% |
| 2022-10-29 | $2256.00 | -14.54% | $120,390 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
