Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2005 Spring St APT 107, Grinnell, IA, 50112 offers a 10.79% rental yield on a $169,000 purchase with $1,519/mo rent. Total monthly income registers $1,519/mo, and a $827/mo payment leaves $399/mo available for distribution. Annual cash flow reaches $4,784/yr on $56,024 to close, and return on cash invested stands at 28.45% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 149.22% and total cumulative return in cash at $83,599. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,519/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
$275 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 |
|---|---|---|
| 2025-03-12 | Price change | $169,000 |
| 2024-03-15 | Listed for sale | $157,000 |
| 2017-11-06 | Sold | $116,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robin Marcinik • Grinnell Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #66755
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.
