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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Washington at 1002 E Jefferson St, Washington, IA, 52353 listed at $148,000 pairs $1,690/mo rent with a $724/mo payment to leave $717/mo cash flow. Total monthly income runs $1,690/mo, and annual cash flow reaches $8,610/yr on $49,062 cash to close. Return on cash invested measures 37.46% in year one, and rental yield registers 13.7% at a $148,000 basis. Equity gained on principal adds $955/yr, and annual property appreciation at 5% supports $40,890 by year five. Five-year ROI tracks 197.48% and total cumulative return in cash totals $96,890. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,690/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52353, Washington, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,106 (100%) |
| Owner Occupied HU | 2,697 (65.7%) |
| Renter Occupied HU | 1,115 (27.2%) |
| Vacant Housing Units | 294 ( 7.2%) |
| Median Home Value | $173,592 |
| Average Home Value | $231,948 |
Residential
3,946
Single Family
3,655
Multi-Family
291
Businesses
429
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Sold | $148,000 |
| 2025-05-09 | Pending sale | $148,000 |
| 2025-05-07 | Listed for sale | $148,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2390.00 | 4.18% | $132,800 | N/A |
| 2023-10-16 | $2294.00 | 3.52% | $132,800 | 27.69% |
| 2022-10-16 | $2216.00 | 1.74% | $104,000 | N/A |
Listed by: Tim Elliott • Elliott Realty Group
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503014
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
