$62,900 EMV

2 Beds   1 Bath   1,064 Sq. Ft.   Single-Family
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Railroad St
Otho, IA 50569


This Single-Family Preforeclosure is located at Railroad St, Otho, IA 50569. It has 2 Beds, 1 Bath , 1,064 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $62,900.
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Status: Active
Listing ID: 59748572
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Learn about Railroad St in Otho, IA

This single-family property is available as a preforeclosure at Railroad St. It has 2 bedrooms, 1 bathrooms, and 1,064 square feet of living space. Based on our analysis of the current market conditions in Otho for Railroad St and comparable listings, the estimated market value is $62,900. If purchased for rental purposes, the monthly rental rate could range between $760 and $1,072. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Railroad St are updated daily along with others in Otho, Iowa. Since this property is a preforeclosure, check out our Foreclosure Timeline for Railroad St below to see helpful information about this listing.

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Railroad St in Otho Iowa Property History

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The property located at Railroad St in Otho, IA is listed as a Preforeclosure

The process of preforelcosure with properties like Railroad St in Otho, Iowa begin when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


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Rental Value

The estimated rental value for Railroad St located in Otho, IA is $900/month. Comparable homes around Railroad St that are rentals have monthly ranges starting as low as $760 per month and as high as $1,072 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $1,072 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

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Railroad St
Otho, IA 50569

2 Beds   1 Bath   1,064 sq. ft.   Single-Family

$62,900 EMV

Status: Active Listing ID: 59748572

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