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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 427 S 5th St, Wapello, IA, 52653 generates $720/mo in rent, after a $1,439/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 5.26% in year one, and rental yield is 2.94% on a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 24.71% and total cumulative return in cash sums $24,084. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.74 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: Sara Ealey • Boysen's Home and Farm LLC
Mls Name: NoCoast MLS
Mls ID: #6332184
