2203 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 2203 Bugge Dr, Adel, IA, 50003 priced at $217,990 converts $2,230/mo rent into $664/mo cash flow after a $1,067/mo obligation. Total monthly income equals $2,230/mo, and annual cash flow totals $7,971/yr on $72,264 invested. Return on cash invested prints 30.94% in year one, and rental yield reads 12.28% against a $217,990 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation compiles into $60,227 by year five. Five-year ROI reaches 163.34% and total cumulative return in cash sums $118,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,230/mo property income covering a $1,067/mo payment, not borrower’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$150 monthly HOA
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Listed by: Pat Fox • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #685468
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