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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% |
Investment property for sale in Adel at 2123 Bugge Dr, Adel, IA, 50003 listed at $219,990 pairs $2,233/mo rent with a $1,077/mo payment to leave $654/mo cash flow. Total monthly income runs $2,233/mo, and annual cash flow reaches $7,848/yr on $72,927 cash to close. Return on cash invested measures 30.67% in year one, and rental yield registers 12.18% at a $219,990 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,779 by year five. Five-year ROI tracks 161.91% and total cumulative return in cash totals $118,076. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,233/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2024
1,742 sqft lot
$N/A/sqft
$150 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Sold | $219,990 |
| 2025-03-19 | Pending sale | $224,990 |
| 2025-03-18 | Price change | $219,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $4.00 | N/A | $210 | N/A |
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #695769
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