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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 Wapello at 220 Franklin St, Wapello, IA, 52653 generates $720/mo in rent, after a $587/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 18.13% in year one, and rental yield is 7.2% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 93.65% and total cumulative return in cash sums $37,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $120,000 |
| 2022-05-12 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1296.00 | 46.28% | $75,320 | N/A |
| 2023-04-30 | $886.00 | 2.78% | $75,320 | 69.30% |
| 2022-04-30 | $862.00 | -5.69% | $44,490 | N/A |
Listed by: Bambi Boysen • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502860
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.
