$198,900

4 bed, 2 bath ·  1344 sqft ·  BUILT 1911


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 large, two story home on a well-maintained street in Des Moines. It has one full bathroom upstairs, a half bath on the main level, and a functional shower in the unfinished basement. The basement has solid block walls, new hot water heater, new washer and dryer and a handy basin sink. Other notable updates are a new roof, and AC. As with all of our Turnkey properties, we have tried to remove much of the deferred maintenance throughout the home.

*Note, the rent is $1,495 with an additional $50/mo pet fee. Bringing the total rent to $1545/mo

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


MARKEt RENT

$1,495*

Cap Rate

5.2%

neighborhood

2.5 Star


CASH PURCHASE

annual profit

$20,328

ANNUAL Rate of return

10.1%


FINANCED PURCHASE

ANNUAL profit

$13,655

ANNUAL Rate of return

32.8%