1928 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 1928 Spencer St, Grinnell, IA, 50112 at $227,000 posts ROI 22.36% with $154/mo cash flow from $1,628/mo rent. Total monthly income equals $1,628/mo, and annual cash flow records $1,846/yr on $75,251 to close. Return on cash invested measures 22.36% and rental yield reads 8.61% at the current $227,000. Equity gained on principal adds $1,465/yr, and 5% annual appreciation supports $62,716 by year five. Five-year ROI prints 116.4% and total cumulative return in cash totals $87,589.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,628/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.26 Acres 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: Outside Agent- MIR Outside Agent- MIR • Outside Office
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328767
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.