205 E 2nd St Prairie City, IA 50228

3 beds · 2 baths · 1,091 sq ft · Lot Size: 8,448 sq ft · Single Family Home
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High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageOwned for 15 - 25 YearsOwner Age 65 - 75

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205 E 2nd 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 1870 and is approximately 155 years old. The single family home spans 1091 sq ft with 3 bedrooms and 2 bathrooms and sits on a 8448 sq ft lot. According to public records, it was last sold in 2003. Analyze and compare real estate investment strategies for properties like this home at 205 E 2nd St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 205 E 2nd St

The property has a current estimated value of $116,109, which is 35% below the zip median, based on public records. It last sold on August 28, 2003. Projected long-term
is $12,600 annually ($1,050 per month) with a 93% occupancy rate.

Long-Term

Gross Rental
$12,600 per year($1,050 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 205 E 2nd St

This property is owned by Mary R Cleverly. Owner contact information includes 7 phone numbers and 3 email addresses.

Property Owners

Cell Phone(515) ***-****
Residence****************
Landline(515) 967-2923+ 3 more
Distance from Property**********
Email Address****@hotmail.com
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Property Ownership Information

Purchase DateAugust 28, 2003
Property Tax Amount$1,526 in 2024

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 69
Resident 2************************** age 47

Property Details for 205 E 2nd St

Property Details

Property Sq Ft

Living Area

1,091 sq ft

Compare to 50228

Lot Size

8,448 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$106 / sq ft

Compare to 50228

Lot Size Area

$14 / sq ft

Compare to 50228
Compare to Zip Median
Property condition, age, exterior, etc. for 205 E 2nd …
Longitude: -93.234421 Latitude: 41.596383 Parcel Number (APN): 16-02-249-003…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Market Benchmarks

Compare data for 205 E 2nd St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$116,109
$206,495
-$90,386 (-44%)
—
—
—
YoY Price Change
****%
2.63%
485%
Year Built
1870
1966
-96 years
Living Space
1,091 sq ft
1,561 sq ft
-470 (-30%)
$ Per Living Sq Ft
$106
$136
-$30 (-22%)
Lot Size
8,448 sq ft
10,500 sq ft
-2052 (-20%)
$ Per Lot Sq Ft
$14
$23
-$9 (-39%)

Net Operating Income
$****
$12,698
-$4,159 (-33%)
Annual Revenue
$12,600
$19,200
-$6,600 (-34%)
$****
$6,021
-$1,960 (-33%)
Net Operating Income
$****
$12,698
-$4,159 (-33%)
Cap Rate
****%
5.46%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians