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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 352 450th Ave, Grinnell, IA, 50112 offers a 2.92% rental yield on a $399,999 purchase with $972/mo rent. 19% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 24.32% and total cumulative return in cash at $32,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $972/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
4.75 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 |
|---|---|---|
| 2024-10-07 | Listed for sale | $399,999 |
| 2024-10-07 | Pending sale | $399,999 |
| 2024-09-24 | Listed for sale | $399,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3804.00 | 0.96% | $346,250 | 17.21% |
| 2022-10-15 | $3768.00 | 5.31% | $295,410 | N/A |
| 2021-10-15 | $3578.00 | 2.29% | $295,410 | 13.42% |
Listed by: Misty Darling • Better Homes & Gardens Real Estate Innovations
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321543
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.
