705 Cedar St, Adair, IA, 50002 | $316/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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705 Cedar St, Adair, IA, 50002 | $316/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Adair at 705 Cedar St, Adair, IA, 50002 priced at $259,900 converts $2,004/mo rent into $316/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $3,794/yr on $86,157 invested. Return on cash invested prints 24.31% in year one, and rental yield reads 9.25% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 126.91% and total cumulative return in cash sums $109,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,272/mo payment, not borrower’s personal income.

Single Family

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming Split-Level Home in Peaceful Small Town Welcome to 705 Cedar St in Adair! This split-level foyer home is nestled in a quiet, family-friendly neighborhood just blocks from the local park. With over 2100 sq ft total living space, 4 bedrooms, 3 bathrooms, and plenty of storage space, this home is perfect for you and your family. The upper level has 3 bedrooms, 2 bathrooms, dining room, living room, kitchen, and ample closet space! The kitchen features beautiful oak cabinets, and includes new appliances. The finished basement features a bedroom, bathroom, and additional living space. And you wont want to miss the attached two car garage which has extra work space, and a beautiful epoxy floor! This home also has an 85-gallon water heater so there will be plenty of hot water for everyone in your family! Additionally, there is a central vac system and fiber optic to the house. This wonderful home sits on a generous, well-kept lot, with front and back decks! There is plenty of room for gardening, play, or simply enjoying the peaceful surroundings. You wont want to miss this one! Schedule a showing today! BONUS - Seller is offering buyer concessions towards closing costs!

Neighborhood Data

Neighborhood data shown for ZIP Code: 50002, Adair, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	622 (100%)
Owner Occupied HU	410 (65.9%)
Renter Occupied HU	141 (22.7%)
Vacant Housing Units	71 (11.4%)
Median Home Value	$161,184
Average Home Value	$235,848