$148,800

3 bed, 2 bath ·  1171 sqft ·  BUILT 1980 


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.

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SOLD

This is a bi-attached property, (similar to a duplex) built in 1980. It is across the street from our previously owned property, 3720 Williams Street. Due to its age, this was a lighter rehab than many of our other projects.

This property is located in a desirable 3 star neighborhood, located on the East side of Des Moines, close to Altoona.

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

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

REHAB AND SYSTEMS SUMMARY

MARKEt RENT

$1295

Cap Rate

5.9%

neighborhood

3 Star


CASH PURCHASE

annual profit

$13,300

ANNUAL Rate of return

8.8%


FINANCED PURCHASE

ANNUAL profit

$9,309

ANNUAL Rate of return

29.5%


WARRANTY