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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 821 NW Sunset Ln, Grimes, IA, 50111 uses $125,970 cash to close to unlock $2,400/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,668/mo, and a $1,860/mo payment keeps the spread at $200/mo. Purchase price stands at $380,000, and rental yield measures 8.43% with $2,668/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 113.45% and total cumulative return in cash records $142,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,668/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2012
8,015 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $380,000 |
| 2019-05-10 | Sold | $289,900 |
| 2019-03-21 | Pending sale | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-27 | $5644.00 | -0.63% | $346,000 | 30.08% |
| 2022-03-27 | $5680.00 | 2.38% | $266,000 | N/A |
| 2021-03-27 | $5548.00 | -1.91% | $266,000 | 5.77% |
Listed by: Sarah Miller-Huegerich • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #714007
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.
