2103 Bugge Dr, Adel, IA, 50003 | 7.04% Rental Yield

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2103 Bugge Dr, Adel, IA, 50003 | 7.04% Rental Yield | Ziffy

Pending

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 2103 Bugge Dr, Adel, IA, 50003 offers a 7.04% rental yield on a $214,990 purchase with $1,262/mo rent. 65% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,398 over five years. Portfolio math shows five-year ROI at 91.21% and total cumulative return in cash at $65,002. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,262/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2025

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

D.R. Horton, Americas Builder, presents the Sydney townhome Located in our Southbridge Community. This cozy community is located on the southern end of the city near local shops, restaurants and Adel-DeSoto Minburn Schools. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and a 2-Car Garage in a spacious open floorplan. As you enter the home, youll be greeted with a beautiful Great Room featuring a cozy fireplace. The Gourmet Kitchen offers an Oversized Pantry and a Large Island, perfect for entertaining! On the second level, youll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a spacious Walk-In Closet. Youll also find Two additional Large Bedrooms, full Bathroom, and Laundry Room! All D.R. Horton Iowa homes include our Americas Smart Home Technology and DEAKO decorative plug-n-play light switches with smart switch capability. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. This home does not qualify for builders special interest rate.