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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 320 1st Ave, Grinnell, IA, 50112 with 5% annual appreciation on a $239,000 basis while $972/mo rent supports operations. 12% in year one. Equity gained on principal adds $1,542/yr, and five-year appreciation sums $66,031 alongside rental yield of 4.88%. Five-year ROI measures 56.12% and total cumulative return in cash totals $44,460. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $972/mo property income versus a $1,170/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.45 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $239,000 |
| 2024-06-23 | Listing removed | N/A |
| 2024-05-01 | Listed for sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-07 | $2052.00 | -6.73% | $166,180 | 41.57% |
| 2022-04-07 | $2200.00 | 14.94% | $117,380 | N/A |
| 2021-04-07 | $1914.00 | 2.24% | $117,380 | 21.93% |
Listed by: Kevin Kolbe • Ramsey Weeks Real Estate
Mls Name: DMMLS
Mls Provider:
Mls ID: #714644
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.
