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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% |
Rental property for sale in Grinnell at 222 420th Ave, Grinnell, IA, 50112 generates $972/mo in rent, after a $3,367/mo payment. Total monthly income is $972/mo. Return on cash invested sits at 1.53% in year one, and rental yield is 1.7% on a $688,000 entry. Equity gained on principal adds $4,440/yr, while 5% annual appreciation builds toward $190,082 over five years. Five-year ROI reaches 4.65% and total cumulative return in cash sums $10,528. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $972/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
14.65 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 |
|---|---|---|
| 2025-04-06 | Pending sale | $688,000 |
| 2025-04-04 | Listed for sale | $688,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $7530.00 | 0.94% | $640,970 | 11.28% |
| 2022-04-11 | $7460.00 | 3.78% | $576,000 | N/A |
| 2021-04-11 | $7188.00 | 2.19% | $576,000 | 11.91% |
Listed by: Lynn Mawe • RE/MAX Partners Realty, Grinnell
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326283
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.
