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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% |
Rental property for sale in Wapello at 116 Roy El Rd, Wapello, IA, 52653 priced at $239,000 pairs $1,216/mo rent with after a $1,170/mo payment. Total monthly income equals $1,216/mo. Return on cash invested is 14.81% in year one, and rental yield stands at 6.11% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 75.94% and total cumulative return in cash reaches $60,168. For financing, Ziffy Mortgage’s DSCR program evaluates $1,216/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
Date | Event | Price |
|---|---|---|
| 2025-09-15 | Listed for sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-18 | $2452.00 | 8.40% | $160,020 | N/A |
| 2023-09-18 | $2262.00 | 2.82% | $160,020 | 30.64% |
| 2022-09-18 | $2200.00 | 0.82% | $122,490 | N/A |
What's Special
Pull Down Stairs
Listed by: Bambi Boysen • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202505815
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.
