1407 Horse N Buggy Dr,Adel,IA,50003

Investment Highlights

Investment property for sale in Adel at 1407 Horse N Buggy Dr, Adel, IA, 50003 offers a 9.73% rental yield on a $258,000 purchase with $2,093/mo rent. Total monthly income registers $2,093/mo, and a $1,263/mo payment leaves $417/mo available for distribution. Annual cash flow reaches $5,006/yr on $85,527 to close, and return on cash invested stands at 25.76% in year one. Equity gained on principal adds $1,665/yr while 5% annual appreciation supports $71,281 over five years. Portfolio math shows five-year ROI at 134.68% and total cumulative return in cash at $115,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,093/mo property income against a $1,263/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.