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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 Adel at 20236 Mill Creek Ln, Adel, IA, 50003 generates $2,640/mo in rent, after a $2,838/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 12.45% in year one, and rental yield is 5.46% on a $579,900 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 63.42% and total cumulative return in cash sums $120,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
2.99 Acres lot
$N/A/sqft
$1,000 annually HOA
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Price change | $579,900 |
| 2024-04-22 | Price change | $597,500 |
| 2024-03-29 | Price change | $609,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $6016.00 | 17.59% | $616,940 | 12.85% |
| 2022-10-14 | $5116.00 | -0.08% | $546,700 | 15.11% |
| 2021-10-14 | $5120.00 | -5.92% | $474,940 | 10.56% |
Listed by: NICHOLAS SCAR • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #690254
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.
