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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 Grimes at 5601 152nd St, Grimes, IA, 50111 listed at $386,990 pairs $2,668/mo rent with a $1,894/mo payment to leave $136/mo cash flow. Total monthly income runs $2,668/mo, and annual cash flow reaches $1,633/yr on $128,287 cash to close. Return on cash invested measures 21.18% in year one, and rental yield registers 8.27% at a $386,990 basis. Equity gained on principal adds $2,497/yr, and annual property appreciation at 5% supports $106,918 by year five. Five-year ROI tracks 110.16% and total cumulative return in cash totals $141,323. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,668/mo property income relative to a $1,894/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
$225 annually HOA
Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,438 (100%) |
| Owner Occupied HU | 5,041 (67.8%) |
| Renter Occupied HU | 1,944 (26.1%) |
| Vacant Housing Units | 453 ( 6.1%) |
| Median Home Value | $352,789 |
| Average Home Value | $397,644 |
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $386,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Pat Fox • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #716829
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.
