402 S Main St Prairie City, IA 50228

2 beds · 1 bath · 912 sq ft · Lot Size: 8,184 sq ft · Single Family Home
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High Demand Long-Term RentalValued below Market MedianOwned for 15 - 25 YearsOwner Age Above 75

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402 S Main 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 1974 and is approximately 51 years old. The single family home spans 912 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 2005 for $100,000. Analyze and compare real estate investment strategies for properties like this home at 402 S Main St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 402 S Main St

The property has a current estimated value of $109,066, which is 18% below the zip median, based on public records. It last sold on December 13, 2005 for $100K. Projected long-term
is $16,800 annually ($1,400 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$16,800 per year($1,400 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 402 S Main St

This property is owned by Mary V Te Swauger. Owner contact information includes 7 phone numbers and 5 email addresses.

Property Owners

Cell Phone(515) ***-****
Residence***********
Landline(562) 630-5307+ 5 more
Distance from Property**********
Email Address************@yahoo.com
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Property Ownership Information

Purchase DateDecember 13, 2005
Property Tax Amount$2,320 in 2024
Purchase Price$100,000

Occupancy

Resident 1******************** age 46
Resident 2*************** age 46
Resident 3*************

Property Details for 402 S Main St

Property Details

Property Sq Ft

Living Area

912 sq ft

Compare to 50228

Lot Size

8,184 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$120 / sq ft

Compare to 50228

Lot Size Area

$13 / sq ft

Compare to 50228
Compare to Zip Median
Property condition, age, exterior, etc. for 402 S Main…
Longitude: -93.235915 Latitude: 41.59526 Parcel Number (APN): 16-02-279-002…
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Recommended Properties in 50228

Discover more single family homes near 402 S Main St in Prairie City, Iowa. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

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    401 S West St, Prairie City, IA 50228

    2 beds · 1 baths · 960 sq ft · Last Sold: $102,000 in 2007 · Built: 1986

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    306 E 8th St, Prairie City, IA 50228

    2 beds · 2 baths · 1,383 sq ft · Last Sold: $120,500 in 2006 · Built: 1982

  • $132K - $150K

    Est. Value

    602 N Claire St, Prairie City, IA 50228

    2 beds · 1 baths · 1,092 sq ft · Last Sold: $105,000 in 2016 · Built: 1971

  • $160K - $179K

    Est. Value

    501 S Madison St, Prairie City, IA 50228

    2 beds · 2 baths · 1,439 sq ft · Built: 1890

Market Benchmarks

Compare data for 402 S Main St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$109,066
$145,207
-$36,141 (-25%)
—
—
—
YoY Price Change
****%
3.66%
315%
Year Built
1974
1950
24 years
Living Space
912 sq ft
1,120 sq ft
-208 (-19%)
$ Per Living Sq Ft
$120
$130
-$11 (-8%)
Lot Size
8,184 sq ft
8,400 sq ft
-216 (-3%)
$ Per Lot Sq Ft
$13
$19
-$5 (-29%)

Net Operating Income
$*****
$11,675
-$246 (-2%)
Annual Revenue
$16,800
$16,200
$600 (4%)
$****
$4,588
$783 (17%)
Net Operating Income
$*****
$11,675
-$246 (-2%)
Cap Rate
****%
7.24%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians