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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 Grinnell at 1723 Hobart St, Grinnell, IA, 50112 listed at $280,000 pairs $972/mo rent with a $1,370/mo payment. Total monthly income runs $972/mo. Return on cash invested measures 8.97% in year one, and rental yield registers 4.17% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 44.57% and total cumulative return in cash totals $41,373. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $972/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.53 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $280,000 |
| 2020-05-21 | Listing removed | N/A |
| 2020-04-02 | Listed for sale | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $4248.71 | 1.73% | $228,760 | 17.84% |
| 2022-03-17 | $4176.45 | 20.49% | $194,130 | N/A |
| 2021-03-17 | $3466.18 | 17.66% | $194,130 | 21.11% |
Listed by: Penny Gable • TurnKey Realty LLC
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325616
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.
