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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 5029 E 156th St S, Grinnell, IA, 50112 listed at $299,000 pairs $972/mo rent with a $1,463/mo payment. Total monthly income runs $972/mo. Return on cash invested measures 8.17% in year one, and rental yield registers 3.9% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 40.31% and total cumulative return in cash totals $39,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $972/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
5.36 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robin R Marcinik • Grinnell Realty LLC
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6325352
