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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% |
Total monthly income runs $972/mo, and a $4,821/mo payment. Purchase price stands at $985,000, and rental yield measures 1.18% with $972/mo rent. Return on cash invested shows -0.18% in year one, and 5% annual appreciation builds toward $272,137 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $4,821/mo payment rather than investor’s personal income.
Single Family
Built in 2005
5.86 Acres lot
$N/A/sqft
$500 annually 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 |
|---|---|---|
| 2024-09-05 | Listed for sale | $985,000 |
| 2004-11-18 | Sold | $32,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5824.00 | 9.31% | $672,490 | 68.50% |
| 2022-10-15 | $5328.00 | 1.99% | $399,100 | 8.61% |
| 2021-10-15 | $5224.00 | -1.31% | $367,470 | 4.82% |
Listed by: Matthew Karjalahti • RE/MAX Partners Realty, Grinnell
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320969
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.
