Timberlane
Properties
12-Property Residential Portfolio — Fort Dodge, Iowa
Why This Portfolio
Inside the Portfolio
A Rare Assembled
Income Portfolio
The Timberlane Properties portfolio represents twelve residential income properties assembled across Fort Dodge, Iowa — one of the Midwest's most resilient secondary rental markets. With 33 total units spanning single-family homes, duplexes, and multi-unit buildings, this portfolio delivers exceptional diversification within a single transaction.
The portfolio is anchored by the Victorian landmark at 2108 2nd Ave N, complemented by high-cap-rate performers on 1st Ave N, 4th Ave S, and the south-side corridors. Three properties include garage income streams, providing additional revenue beyond residential rents. Conservative 88% EGI underwriting ensures the financial projections reflect real-world performance.
The Numbers
Cap Rate by Property
Cash Flow vs Debt Service
Income Allocation
Market Value by Property
| Property | Units | Market Value | Gross Income | Expenses | Val. NOI | Cap Rate | Cash Flow |
|---|---|---|---|---|---|---|---|
2108 2nd Ave N | 2 | $99,900 | $16,674 | $9,155 | $7,519 | 7.53% | $816 |
2102 2nd Ave N | 3 | $97,687 | $9,433 | $6,751 | $13,676 | 14.00% | $7,121 |
1227 1st Ave N | 5 | $161,011 | $35,407 | $12,865 | $22,542 | 14.00% | $11,737 |
1229 1st Ave N | 2 | $125,087 | $14,593 | $2,245 | $13,636 | 10.90% | $5,243 |
1415 4th Ave S | 4 | $139,019 | $30,061 | $10,598 | $19,463 | 14.00% | $10,134 |
1423 2nd Ave N | 2 | $132,957 | $19,289 | $6,658 | $12,631 | 9.50% | $3,709 |
1430 6th Ave N + Garage | 2 | $101,175 | $20,049 | $9,093 | $10,956 | 10.83% | $4,167 |
1517 1st Ave N + Garage | 3 | $123,433 | $26,082 | $10,433 | $15,649 | 12.68% | $7,366 |
309 & 311 S 6th St | 4 | $148,262 | $27,967 | $12,265 | $15,702 | 10.59% | $5,753 |
327 S 19th St + Garage | 2 | $109,238 | $22,057 | $7,561 | $14,496 | 13.27% | $7,166 |
409 S 13th St | 4 | $149,346 | $27,667 | $11,445 | $16,223 | 10.86% | $6,201 |
| PORTFOLIO TOTAL | 33 | $1,387,116 | $249,279 | $99,069 | $162,493 | Blended | $69,415 |
12 Income Properties
Click any property to view details, photos, and financial breakdown.
Why Fort Dodge, Iowa
Stable Rental Demand
Fort Dodge's workforce-driven economy sustains consistent occupancy across residential rental properties.
Affordable Entry Prices
Below-national-average property values enable high cap rates and strong cash-on-cash returns unavailable in major metros.
Section 8 Stability
Government-backed Section 8 tenants provide guaranteed rent payments, reducing vacancy and default risk.
Low Competition
Secondary Iowa markets attract fewer institutional investors, leaving value-add opportunities for individual buyers.
Established Infrastructure
Fort Dodge features a regional hospital, manufacturing base, and established school district supporting long-term population stability.
Assembled Portfolio Premium
Acquiring 12 properties in a single transaction eliminates years of deal-sourcing effort and delivers immediate scale.
Scott Underberg
Scott Underberg is a Fort Dodge-based real estate professional specializing in investment property acquisitions, portfolio sales, and income property analysis. With deep roots in the Fort Dodge market, Scott provides investors with unmatched local knowledge and a proven track record of assembling and transacting residential income portfolios.
Guthrie & Associates Real Estate serves buyers and sellers across Webster County and the greater Fort Dodge region, with a focus on investment properties, residential sales, and commercial transactions.
Request the Full
Investment Package
Contact Scott Underberg directly to receive the complete offering package, including the full cash flow projection spreadsheet, rent rolls, expense documentation, and financing terms. Call, text, or email — whichever is most convenient.