$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.

Learn more

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.

REHAB AND SYSTEMS SUMMARY

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%


WARRANTY