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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 Wapello at 4246 Us Highway 61, Wapello, IA, 52653 generates $1,330/mo in rent, after a $1,101/mo payment. Total monthly income is $1,330/mo. Return on cash invested sits at 17.8% in year one, and rental yield is 7.09% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 91.94% and total cumulative return in cash sums $68,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,330/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3.55 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52653, Wapello, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 1,125 (68.9%) |
| Renter Occupied HU | 269 (16.5%) |
| Vacant Housing Units | 238 (14.6%) |
| Median Home Value | $157,972 |
| Average Home Value | $196,427 |
Residential
1,362
Single Family
1,331
Multi-Family
31
Businesses
118
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Wendy Fountain • Sellers & Seekers Real Estate
Mls Name: Iowa City Area AOR
Mls ID: #202504857
