1710 Spencer StGrinnellIA50112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grinnell at 1710 Spencer St, Grinnell, IA, 50112 priced at $288,500 pairs $972/mo rent with after a $1,412/mo payment. Total monthly income equals $972/mo. Return on cash invested is 8.6% in year one, and rental yield stands at 4.04% on a $288,500 basis. Equity gained on principal adds $1,862/yr, and 5% annual appreciation accumulates to $79,707 by year five. Five-year ROI measures 42.6% and total cumulative return in cash reaches $40,741. For financing, Ziffy Mortgage’s DSCR program evaluates $972/mo property income against a $1,412/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Mawe • RE/MAX Partners Realty, Grinnell
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325564
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.