306 W 5th St Prairie City, IA 50228

3 beds · 1 bath · 1,235 sq ft · Lot Size: 8,184 sq ft · Single Family Home
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306 W 5th 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 1910 and is approximately 115 years old. The single family home spans 1235 sq ft with 3 bedrooms and 1 bathroom and sits on a 8184 sq ft lot. According to public records, it was last sold in 1991. Analyze and compare real estate investment strategies for properties like this home at 306 W 5th St Prairie City, IA 50228 with Property Intel by Whitepages.

Investment Potential for 306 W 5th St

The property has a current estimated value of $116,355, which is 35% below the zip median, based on public records. It last sold on March 29, 1991. 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
Cap Rate
Occupancy Rate
93%in 50228 zip code
 
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Owners & Occupancy for 306 W 5th St

This property is owned by Daniel R Downey. Owner contact information includes 6 phone numbers and 3 email addresses.

Property Owners

Cell Phone(515) ***-****
Residence****************
Landline(515) 994-3240+ 3 more
Distance from Property**********
Email Address**********@gmail.com

Property Ownership Information

Purchase DateMarch 29, 1991
Property Tax Amount$1,990 in 2024

Occupancy

Resident 1*************** age 63

Property Details for 306 W 5th St

Property Details

Property Sq Ft

Living Area

1,235 sq ft

Compare to 50228

Lot Size

8,184 sq ft

Compare to 50228

Price Per Sq Ft

Living Area

$94 / sq ft

Compare to 50228

Lot Size Area

$14 / sq ft

Compare to 50228
Property condition, age, exterior, etc. for 306 W 5th …
Longitude: -93.239503 Latitude: 41.599071 Parcel Number (APN): 16-02-205-001…
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Market Benchmarks

Compare data for 306 W 5th St in Jasper County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$116,355
$206,495
-$90,140 (-44%)
YoY Price Change
2.63%
264%
Year Built
1910
1966
-56 years
Living Space
1,235 sq ft
1,561 sq ft
-326 (-21%)
$ Per Living Sq Ft
$94
$136
-$42 (-31%)
Lot Size
8,184 sq ft
10,500 sq ft
-2316 (-22%)
$ Per Lot Sq Ft
$14
$23
-$8 (-37%)

Net Operating Income
$12,698
-$2,029 (-16%)
Annual Revenue
$15,600
$19,200
-$3,600 (-19%)
$6,021
-$1,090 (-18%)
Net Operating Income
$12,698
-$2,029 (-16%)
Cap Rate
5.46%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians