621 NE 4th St, Grimes, IA, 50111 | $236/mo Cash Flow

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621 NE 4th St, Grimes, IA, 50111 | $236/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Grimes at 621 NE 4th St, Grimes, IA, 50111 listed at $289,900 pairs $2,119/mo rent with a $1,419/mo payment to leave $236/mo cash flow. Total monthly income runs $2,119/mo, and annual cash flow reaches $2,834/yr on $96,102 cash to close. Return on cash invested measures 22.86% in year one, and rental yield registers 8.77% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 119.1% and total cumulative return in cash totals $114,453. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,119/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1982

8,799 sqft lot

$N/A/sqft

No HOA

More details about the property

Nice home that has been wonderfully maintained and features an updated kitchen and 2 full bathrooms, providing a strong starting point for buyers who value function and thoughtful improvements. Kitchen appliances remain with the home. A standout feature is the generous garage, perfectly suited for hobbies, projects, or additional workspacean increasingly rare and valuable asset. The backyard is large and has a new deck and two additional storage sheds that offer practical solutions for tools, equipment, or seasonal items. Located within close proximity to restaurants, shopping, the Grimes Sports Plex, walking paths and parks. If you're seeking a home in a great location with great space and a lot of potential, 621 NE 4th Street delivers all of that.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50111, Grimes, IA area.

Housing Distribution

Housing Statistics

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