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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% |
Investment property for sale in Adel at 28083 323rd Way, Adel, IA, 50003 offers a 5.95% rental yield on a $450,000 purchase with $2,232/mo rent. 35% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 73.42% and total cumulative return in cash at $109,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,232/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5.50 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Price change | $450,000 |
| 2024-09-03 | Price change | $495,000 |
| 2024-07-26 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $3804.00 | 13.35% | $340,570 | 13.50% |
| 2022-10-14 | $3356.00 | 6.40% | $300,050 | 12.65% |
| 2021-10-14 | $3154.00 | 7.43% | $266,360 | -0.44% |
Listed by: Shannon Salmon • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #699891
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.
