$122,900

4 bed, 1 bath ·  1430 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 newly renovated home is magnificent inside and extremely spacious! We were able to preserve much of the original hardwood which helps maintain the character in this lovely, older Des Moines home. It has 4 bedrooms and a non-conforming 5th bedroom and/or bonus room in the basement.

The kitchen has been updated with beautiful new cabinets, countertops and appliances.  A tub and shower surround was added to the bathroom and a new vanity installed. Unlike many older homes, there is ample closet storage throughout the home. The fresh gray paint, paired with the natural woodwork, give this beautiful home a modern, yet classic feel.

As with all of our Turnkey properties, we have eliminated much of the deferred maintenance, leaving a high projected monthly cash flow.


MARKEt RENT

$1,250

Cap Rate

7.1%

neighborhood

2 Star


CASH PURCHASE

annual profit

$11,125

ANNUAL Rate of return

8.9%


FINANCED PURCHASE

ANNUAL profit

$7,245

ANNUAL Rate of return

27.5%