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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 Kalona at 2015 Redtop Ct SW, Kalona, IA, 52247 offers $3,144/mo rent that, after a $2,887/mo payment. Total monthly income is $3,144/mo. Return on cash invested measures 15.81% in year one, and rental yield stands at 6.4% at a $589,900 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $162,978 by year five. Five-year ROI records 81.27% and total cumulative return in cash reaches $157,725. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,144/mo property income versus a $2,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52247, Kalona, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,658 (73.0%) |
| Renter Occupied HU | 495 (21.8%) |
| Vacant Housing Units | 119 ( 5.2%) |
| Median Home Value | $288,403 |
| Average Home Value | $320,344 |
Residential
2,032
Single Family
1,944
Multi-Family
88
Businesses
219
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Sold | $589,900 |
| 2025-01-20 | Listed for sale | $589,900 |
| 2024-10-21 | Listing removed | $589,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $26.99 | -14.64% | $112,800 | 4804.35% |
| 2023-10-18 | $31.62 | 1.25% | $2,300 | N/A |
| 2022-10-18 | $31.23 | N/A | $2,300 | N/A |
Listed by: Mike Bails • Urban Acres Real Estate Corridor
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202500575
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.
