$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.

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.


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%