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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 Van Meter at 3005 Jerry St, Van Meter, IA, 50261 generates $1,770/mo in rent, after a $1,591/mo payment. Total monthly income is $1,770/mo. Return on cash invested sits at 15.97% in year one, and rental yield is 6.54% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 82.19% and total cumulative return in cash sums $88,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,770/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood data shown for ZIP Code: 50261, Van Meter, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 982 (81.4%) |
| Renter Occupied HU | 119 ( 9.9%) |
| Vacant Housing Units | 106 ( 8.8%) |
| Median Home Value | $523,148 |
| Average Home Value | $553,473 |
Residential
1,026
Single Family
1,014
Multi-Family
12
Businesses
39
Date | Event | Price |
|---|---|---|
| 2025-03-11 | Listed for sale | $325,000 |
| 2024-08-02 | Sold | $52,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-15 | $4.00 | N/A | $220 | N/A |
| 2022-03-15 | $4.00 | N/A | $220 | N/A |
| 2021-03-15 | N/A | N/A | $220 | N/A |
Listed by: Tammy Heckart • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #713224
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.
