1515 Chance Ct,Adel,IA,50003

Investment Highlights

Investment property for sale in Adel at 1515 Chance Ct, Adel, IA, 50003 offers a 8.13% rental yield on a $235,000 purchase with $1,592/mo rent. Total monthly income registers $1,592/mo, and a $1,150/mo payment leaves $66/mo available for distribution. Annual cash flow reaches $792/yr on $77,903 to close, and return on cash invested stands at 20.93% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 108.68% and total cumulative return in cash at $84,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,592/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.