516 S 12th StAdelIA50003
Nearby investment properties with comparable rents
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Adel at 516 S 12th St, Adel, IA, 50003 offers a 10.94% rental yield on a $125,000 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $612/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,902/yr on $41,438 to close, and return on cash invested stands at 29.33% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 153.87% and total cumulative return in cash at $63,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
4,051 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Listed by: Christopher Lewis • LPT Realty, LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #715502
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.