2402 Chan DrAdelIA50003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Adel at 2402 Chan Dr, Adel, IA, 50003 offers a 9.62% rental yield on a $319,990 purchase with $2,566/mo rent. Total monthly income registers $2,566/mo, and a $1,566/mo payment leaves $488/mo available for distribution. Annual cash flow reaches $5,856/yr on $106,077 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,407 over five years. Portfolio math shows five-year ROI at 132.9% and total cumulative return in cash at $140,976. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,566/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Greer • DRH Realty of Iowa, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #727565
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.