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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 5612 153rd St, Grimes, IA, 50111 earns $344/mo cash flow from $2,668/mo rent with a $1,738/mo payment. Total monthly income totals $2,668/mo, and annual cash flow totals $4,131/yr on $117,679 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.02% at a $354,990 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,077 over five years. Five-year ROI reaches 122.16% and total cumulative return in cash sums $143,756. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,668/mo property income instead of your personal income.
Single Family
Built in 2024
5,662 sqft 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 |
|---|---|---|
| 2025-03-31 | Price change | $354,990 |
| 2025-03-21 | Pending sale | $359,990 |
| 2025-02-19 | Price change | $359,990 |
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: #704934
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.
