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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 583 Ewart Rd, Grinnell, IA, 50112 with 5% annual appreciation on a $220,000 basis while $972/mo rent supports operations. 39% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 5.3%. Five-year ROI measures 62.9% and total cumulative return in cash totals $45,875. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $972/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3.64 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 |
|---|---|---|
| 2024-09-12 | Price change | $220,000 |
| 2024-05-28 | Listed for sale | $250,000 |
| 2009-10-02 | Sold | $133,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2210.00 | 0.91% | $208,570 | 18.94% |
| 2022-10-15 | $2190.00 | 14.66% | $175,350 | N/A |
| 2021-10-15 | $1910.00 | 2.36% | $175,350 | 22.61% |
Listed by: Robin Marcinik • Grinnell Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321169
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.
