Spencer Plan, Magnolia HeightsGrimesIA50111
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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
Investment Highlights
Investment property for sale in Grimes at Spencer Plan, Magnolia Heights, Grimes, IA, 50111 uses $110,055 cash to close to unlock $4,294/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $2,514/mo, and a $1,625/mo payment keeps the spread at $358/mo. Purchase price stands at $331,990, and rental yield measures 9.09% with $2,514/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $91,723 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash records $136,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,514/mo property income covering a $1,625/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,220
Single Family
6,963
Multi-Family
257
Businesses
595
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