$139,750

4 bed, 1 bath ·  1263 sqft ·  BUILT 1910  


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.

We renovated this property a few years ago, and have recently updated several additional things including the house and garage roofs, and garage siding. As with many of our properties, we try to preserve as much of the original woodwork as possible, attempting to maintain that older-home charm. We have accomplished that here, giving the interior a feeling of grandeur and classic beauty. The main level has two living areas, as well as one bedroom, kitchen, and mudroom. The upstairs has three bedrooms and a full bath. The basement is unfinished, structurally sound, and would be great for storage.

There are some additional benefits to this home, particularly the two spacious garages and sizable yard. These are often attractive to tenants and tend to bring in higher rents. Additionally, the front porch has been recently replaced and is surrounded by flower beds and established perennials.

Below is a list of the major renovation items:

  • Replaced house roof

  • Replaced garage roof

  • Replaced garage siding

  • Refinished hardwood flooring

  • New vinyl plank flooring

  • Tuckpoint foundation

  • Replaced kitchen counter, sink faucet

  • Replaced bath hardware

  • Replaced posts for wooden fence

  • Hot water heater ~2 years old

  • HVAC ~5 years old

Don't miss out on your chance to establish passive income for your future.


MARKEt RENT

$1,195

Cap Rate

5.2%

neighborhood

3 Star


CASH PURCHASE

annual profit

$12,115

ANNUAL Rate of return

8.6%


FINANCED PURCHASE

ANNUAL profit

$8,671

ANNUAL Rate of return

29.1%