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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 Adel at 31585 R Ave, Adel, IA, 50003 generates $2,796/mo in rent, after a $2,937/mo payment. Total monthly income is $2,796/mo. Return on cash invested sits at 13.37% in year one, and rental yield is 5.59% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 68.12% and total cumulative return in cash sums $134,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,796/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4.59 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Price change | $600,000 |
| 2024-07-08 | Price change | $612,950 |
| 2024-05-16 | Price change | $622,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $6202.00 | 10.28% | $524,460 | 12.98% |
| 2022-10-14 | $5624.00 | -4.09% | $464,190 | 11.00% |
| 2021-10-14 | $5864.00 | 2.02% | $418,180 | 6.11% |
Listed by: Bonnie Christensen • RE/MAX Precision
Mls Name: DMMLS
Mls Provider:
Mls ID: #688662
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.
