1092 Ridge Ln,Harlan,IA,51537

Investment Highlights

Rental property for sale in Harlan at 1092 Ridge Ln, Harlan, IA, 51537 priced at $355,900 converts $2,920/mo rent into $609/mo cash flow after a $1,742/mo obligation. Total monthly income equals $2,920/mo, and annual cash flow totals $7,303/yr on $117,981 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.85% against a $355,900 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation compiles into $98,329 by year five. Five-year ROI reaches 136.44% and total cumulative return in cash sums $160,974. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,920/mo property income covering a $1,742/mo payment, not borrower’s personal income.