4710 71st St Urbandale, IA 50322

This 2 bedroom / 2 bathroom SFH makes sense for any rental investor, even in today's changing real estate market. Prime location in Urbandale, a low cost property with an amazing rental income!

Property is Currently Occupied, contact Dispo Manager for walkthrough coordination.

Deal Takeaways:

Low cost property outside Des Moines

70k equity built into the deal

Opportunity for an easy cash out refinance!

Financials:

ARV: $235,000

Purchase Price: $165,500

Profit Details:

$235,000 ARV

(*) 94% for sale commissions

(-) $165,500 purchase price

(-) $10,000 rehab budget

(-) $5,000 closing / holding cost

(=) $40,400 profit

Rental Profit Details:

$1600 monthly market rents

(-) $296 monthly tax

(-) $110 monthly insurance

(-) $160 property management

(-) $160 allocation for repairs, vacancy, etc

(-) $130 allocation for HOA

(=) $744 net monthly cash flow

Property Details:

2 Beds / 2 Bath

1983 Year Build

1,585 Home Square Feet

3,311 Square Feet Lot Size

October 6th, 2023 Closing

Roof 10 years old

HVAC and Water Heater 5 years old