1002 Poe Ave,Ames,IA,50014

Investment Highlights

Investment property for sale in Ames at 1002 Poe Ave, Ames, IA, 50014 uses $124,147 cash to close to unlock $7,174/yr annual cash flow and $598/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $1,833/mo payment keeps the spread at $598/mo. Purchase price stands at $374,500, and rental yield measures 9.71% with $3,030/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $103,467 over five years. Five-year ROI reaches 134.22% and total cumulative return in cash records $166,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $1,833/mo payment rather than investor’s personal income.