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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 213 J Ave, Kalona, IA, 52247 offers $2,232/mo rent that, after a $1,248/mo payment, leaves $576/mo cash flow. Total monthly income is $2,232/mo, and annual cash flow is $6,912/yr on $84,533 cash. Return on cash invested measures 28.09% in year one, and rental yield stands at 10.5% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 147.08% and total cumulative return in cash reaches $124,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,232/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.51 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 |
|---|---|---|
| 2024-09-11 | Listed for sale | $255,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $3448.00 | 2.31% | $223,400 | 19.47% |
| 2022-10-14 | $3370.00 | -0.35% | $187,000 | N/A |
| 2021-10-14 | $3382.00 | 1.87% | $187,000 | 2.86% |
Listed by: Hayley Hershberger • KALONA REALTY, INC.
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405219
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.
