$109,850

3 bed, 1 bath ·  1128 sqft ·  BUILT 1904


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 property has been a rental owned by Turnkey Iowa for several years. Minimal renovation was done previously. We have eliminated much of the deferred maintenance (New furnace, AC, roof, siding, flooring, shower/tub, etc.) to make this a solid Turnkey for an owner desiring a hands off investment.

Due to the ample square footage in this home, there are some features you don’t typically find in older properties. The large kitchen has its own eat-in area, which could easily fit a kitchen table. Adjacent to this space, is another large room that could be used as a mud room, play room, you name it!

The attractive flooring, gray walls and white trim make the home light, bright and welcoming.



MARKEt RENT

$1,100

Cap Rate

7.1%

neighborhood

2.5 Star


CASH PURCHASE

annual profit

$11,138

ANNUAL Rate of return

10%


FINANCED PURCHASE

ANNUAL profit

$7,452

ANNUAL Rate of return

31.3%