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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 Adair at 1007 Madison Dr, Adair, IA, 50002 listed at $359,900 pairs $2,106/mo rent with a $1,762/mo payment. Total monthly income runs $2,106/mo. Return on cash invested measures 17.58% in year one, and rental yield registers 7.02% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 90.78% and total cumulative return in cash totals $108,302. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50002, Adair, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 622 (100%) |
| Owner Occupied HU | 410 (65.9%) |
| Renter Occupied HU | 141 (22.7%) |
| Vacant Housing Units | 71 (11.4%) |
| Median Home Value | $161,184 |
| Average Home Value | $235,848 |
Residential
479
Single Family
459
Multi-Family
20
Businesses
48
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $359,900 |
| 2024-08-29 | Contingent | $359,900 |
| 2024-08-13 | Price change | $359,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Randy Ouren • Ouren Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6316467
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
