$164,800

3 bed, 1 bath ·  1452 sqft ·  BUILT 1905


REFERRAL PROGRAM

Refer someone to Turnkey Iowa. If this leads to a sale, you receive $500 for the first property. Any subsequent properties, you receive $250.

This is a large, 1450 sq ft home, which will be well-suited for tenants looking for ample space. It underwent an extensive rehab, including a new kitchen, bath and updates to all major systems.

As with the majority of our rehabs, we replaced all flooring with luxury vinyl plank, with the exception of carpet on the stairs and tile in the kitchen. New paint and trim throughout the home gives it an updated, fresh feel.

Please check out the below document for an overview of what has been completed, as well as the ages of all major systems.


MARKEt RENT

$1,425

Cap Rate

6.6%

neighborhood

1.5 Star


CASH PURCHASE

annual profit

$15,782

ANNUAL Rate of return

9.5%


FINANCED PURCHASE

ANNUAL profit

$11,638

ANNUAL Rate of return

33.5%