16 5th St NW,Oelwein,IA,50662

Investment Highlights

Rental property for sale in Oelwein at 16 5th St NW, Oelwein, IA, 50662 offers $888/mo rent that, after a $578/mo payment, leaves $121/mo cash flow. Total monthly income is $888/mo, and annual cash flow is $1,454/yr on $39,117 cash. Return on cash invested measures 23.63% in year one, and rental yield stands at 9.03% at a $118,000 entry. Equity gained on principal adds $761/yr while 5% annual appreciation compounds into $32,601 by year five. Five-year ROI records 123.3% and total cumulative return in cash reaches $48,231. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $888/mo property income versus a $578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.