1512 Horse N Buggy Dr, Adel, IA, 50003 | 6.88% Rental Yield

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Adel at 1512 Horse N Buggy Dr, Adel, IA, 50003 offers a 6.88% rental yield on a $239,900 purchase with $1,375/mo rent. 15% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 88.49% and total cumulative return in cash at $70,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,375/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1964

0.26 Acres lot

$N/A/sqft

No HOA