2106 Bugge DrAdelIA50003
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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
Investment Highlights
Rental property for sale in Adel at 2106 Bugge Dr, Adel, IA, 50003 offers $1,262/mo rent that, after a $1,199/mo payment. Total monthly income is $1,262/mo. Return on cash invested measures 12.83% in year one, and rental yield stands at 6.18% at a $244,990 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,686 by year five. Five-year ROI records 66.15% and total cumulative return in cash reaches $53,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,262/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
1,742 sqft lot
$N/A/sqft
$150 monthly HOA
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Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #701322
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.