$103,800

2 bed, 1 bath ·  904 sqft ·  BUILT 1915 


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 property we have owned for several years.  We recently decided to market it as a Turnkey in order to provide investors with more available inventory.   It was fully rehabbed after we purchased it in late 2017.  Within the last couple of months, we have done some additional items to ensure it’s “turnkey ready.”  We only have a few tenant-free pictures from before the new tenants arrived in mid October. If any additional photos are requested, we can obtain those.

The downstairs has a large living area with a small hallway leading to the kitchen. The upstairs has two good sized bedrooms, one of which has a small attached bonus room/sunroom. The bathroom is updated and located upstairs. The basement is unfinished, has updated mechanicals and a newer block wall on one side. There is a detached, one car garage.
Lease Expiration: 11/3/2021

Please click below to see the full list of rehab items and the summary of systems.


MARKEt RENT

$975

Cap Rate

6.3%

neighborhood

2.5 Star


CASH PURCHASE

annual profit

$9,626

ANNUAL Rate of return

9.1%


FINANCED PURCHASE

ANNUAL profit

$6,842

ANNUAL Rate of return

30.3%