2231 Chan 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 2231 Chan Dr, Adel, IA, 50003 priced at $368,900 converts $2,796/mo rent into $400/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,796/mo, and annual cash flow totals $4,797/yr on $122,290 invested. Return on cash invested prints 23.83% in year one, and rental yield reads 9.1% against a $368,900 entry. Equity gained on principal adds $2,380/yr, while 5% annual appreciation compiles into $101,920 by year five. Five-year ROI reaches 124.27% and total cumulative return in cash sums $151,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,796/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Tracy Jagim • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #730070
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.