$231,000

4 bed, 2 bath ·  1,658 sqft ·  BUILT 1913


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.

SOLD

This is a large, ranch home with a fully finished basement. There are two bedrooms and a full bathroom on the first floor, and two bedrooms (with egress windows) and a full bathroom and laundry in the basement. The basement has solid block walls, new hot water heater, and new washer and dryer. Other notable updates are a new roof, new siding, new HVAC, new plumbing, and new electrical. As with all of our Turnkey properties, we have tried to remove much of the deferred maintenance throughout the home.

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


MARKEt RENT

$1,645

Cap Rate

6.1%

neighborhood

2.5 Star


CASH PURCHASE

annual profit

$24,891

ANNUAL Rate of return

11.5%


FINANCED PURCHASE

ANNUAL profit

$14,929

ANNUAL Rate of return

33.4%