Longterm buy and hold - Iowa

Longterm buy and hold - Iowa

Investor · Des Moines Iowa · Member since 2026 · 12 posts · 3 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $20,000

Single family 4 bed, 2 bath, 1 car garage, large yard.

What made you interested in investing in this type of deal?

Tax savings

How did you find this deal and how did you negotiate it?

on market with a realtor

How did you finance this deal?

conventional 30 year fixed financing

How did you add value to the deal?

paint and flooring and rent increases.

What was the outcome?

great cash flow

0Reply
119 views

1 Reply

Jump to latestLatest
  • Masoud ArouniPro Member
    Investor · Pleasanton, CA · Member since 2026 · 124 posts · 53 votes
    6mo

    Iowa at $90k with paint, flooring and rent increases — that's the bread and butter buy and hold formula done right. Low basis, forced appreciation on the light rehab, and a long hold doing the rest.

    Curious on the numbers here — at $90k with conventional financing your break-even rent to cover PITI is probably around $650-700/month depending on your rate and local taxes. Where are you sitting on current rent vs that floor? On a 4/2 in Iowa I'd guess you have meaningful spread above break-even by now.

    With 17 units you're clearly running a system. Do you underwrite these deals the same way each time or does Iowa vs your other markets change your assumptions?

Join the conversationCreate a free account to reply, vote on answers and follow this thread.