202 W South St Prairie City, IA 50228

2 beds · 1 bath · 796 sq ft · Lot Size: 8,184 sq ft · Single Family Home
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High Demand Long-Term RentalValued below Market MedianOwned for Less Than 5 YearsOwner Age 65 - 75

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202 W South St is in the 50228 neighborhood of Prairie City, IA. It is located in Jasper County and ZIP code 50228. This Single Family Home was built in 1961 and is approximately 64 years old. The single family home spans 796 sq ft with 2 bedrooms and 1 bathroom and sits on a 8184 sq ft lot. According to public records, it was last sold in 2023 for $115,000. Analyze and compare real estate investment strategies for properties like this home at 202 W South St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 202 W South St

The property has a current estimated value of $97,475, which is 27% below the zip median, based on public records. It last sold on March 22, 2023 for $115K. Projected long-term
is $15,600 annually ($1,300 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$15,600 per year($1,300 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
93%in 50228 zip code
 
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Owners & Occupancy for 202 W South St

This property is owned by Duane V Birkenholtz. Owner contact information includes 3 phone numbers and 2 email addresses.

Property Owners

Cell Phone(515) ***-****
Residence****************
Landline(515) 994-2247+ 1 more
Distance from Property**********
Email Address*********@webtv.net
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Property Ownership Information

Purchase DateMarch 22, 2023
Property Tax Amount$1,538 in 2024
Purchase Price$115,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************* age 71
Resident 2************* age 70

Property Details for 202 W South St

Property Details

Property Sq Ft

Living Area

796 sq ft

Compare to 50228

Lot Size

8,184 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$122 / sq ft

Compare to 50228

Lot Size Area

$12 / sq ft

Compare to 50228
Compare to Zip Median
Property condition, age, exterior, etc. for 202 W Sout…
Longitude: -93.237868 Latitude: 41.595324 Parcel Number (APN): 16-02-276-003…
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Market Benchmarks

Compare data for 202 W South St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$97,475
$145,207
-$47,732 (-33%)
—
—
—
YoY Price Change
****%
3.66%
321%
Year Built
1961
1950
11 years
Living Space
796 sq ft
1,120 sq ft
-324 (-29%)
$ Per Living Sq Ft
$122
$130
-$8 (-6%)
Lot Size
8,184 sq ft
8,400 sq ft
-216 (-3%)
$ Per Lot Sq Ft
$12
$19
-$7 (-36%)

Net Operating Income
$*****
$11,675
-$419 (-4%)
Annual Revenue
$15,600
$16,200
-$600 (-4%)
$****
$4,588
-$244 (-5%)
Net Operating Income
$*****
$11,675
-$419 (-4%)
Cap Rate
****%
7.24%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians