$274,000

6 bed, 2 bath ·  2392 sqft ·  BUILT 1880


REFERRAL PROGRAM

Refer someone to Turnkey Iowa. If this leads to a sale, you receive $500 for the first property. Any subsequent properties, you receive $250.

This is a large, top/bottom duplex, both 3 bed/1 bath. Both units have separate entrances inside the front porch. The bottom unit is larger and has two living areas, as well as a rear entry door and drop zone with washer and dryer. The top unit is smaller with 3 bedrooms and one living area. A stackable washer/dryer unit was added to conserve space. Nearly everything in the home has been updated and/or replaced.

Please check out the below document for an overview of what has been completed, as well as the ages of all major systems.


MARKEt RENT

$2,145

Cap Rate

5.4%

neighborhood

2 Star


CASH PURCHASE

annual profit

$25,850

ANNUAL Rate of return

9.4%


FINANCED PURCHASE

ANNUAL profit

$17,634

ANNUAL Rate of return

31.2%