50112BR Home in Grinnell , IA

About This Property

PROPERTY INFO: Address: 935 Spring St, Grinnell, IA 50112 Bed/Bath: 3/1 GLA: 1,244sf Property Type: Single Family Residence Vacancy Status: Delivered Vacant Deposit: Contact for details COE: 07/13/26 MORTGAGE INFO: Unpaid Principal Balance: Approximately: Contact for details Interest Rate: 3.25% Monthly Principal & Interest Payment: Approximately $398 Estimated Monthly Approximately $812/month This creates an attractive low-payment acquisition opportunity compared to today's market interest rates SUMMARY Price: Contact for details down payment Fee (Cash Required): Contact for details Unpaid Principal Balance: Contact for details RENT INFO: Estimated Market Rent: $1,000-Contact for details/month Estimated Market Value: $230,000 Potential Strong spread between market rent and existing subject-to payment. VALUATION As-Is Market Value: Estimated $230,000 Rehab: light cosmetic: Contact for details Contact for details+ Value: purchase price Contact for details (loan +down payment fee) lower than market value of home. COMPARABLES 1) $253K REMODELED: 518 11th Ave, Grinnell, IA 50112 - 2bed 1.5bath 1266sqft.25acre lot a. https://www.redfin.com/IA/Grinnell/518-11th-Ave-50112/home/127010257 2) $229K REMODELED: 539 10th Ave, Grinnell, IA 50112 - 3bed 1.5bath 1180sqft.31acre lot a. https://www.redfin.com/IA/Grinnell/539-10th-Ave-50112/home/127027508 3) $192K AS IS: 1615 9th Ave, Grinnell, IA 50112 - 2bed 1.5bath 1268sqft 10019sqft lot a. https://www.redfin.com/IA/Grinnell/1615-9th-Ave-50112/home/126981092 OTHER: The property sits in an established residential neighborhood near schools, parks, and local amenities. While updates may be desired depending on the buyer's strategy, the home offers solid bones and significant upside potential. The property features 3 bedrooms, 1 bathroom, spacious living areas, abundant natural light, and a functional floor plan. The home offers multiple exit strategies including: • Long-term rental • BRRRR strategy • Light fix-and-flip • Owner-finance resale

Features & Highlights