1705 Michigan Dr,Evansdale,IA,50707

Investment Highlights

Rental property for sale in Evansdale at 1705 Michigan Dr, Evansdale, IA, 50707 generates $1,897/mo in rent and, after a $1,037/mo payment, leaves $521/mo in cash flow. Total monthly income is $1,897/mo, and annual cash flow is $6,253/yr on $70,212 invested. Return on cash invested sits at 28.82% in year one, and rental yield is 10.75% on a $211,800 entry. Equity gained on principal adds $1,367/yr, while 5% annual appreciation builds toward $58,516 over five years. Five-year ROI reaches 151.06% and total cumulative return in cash sums $106,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,897/mo property income rather than buyer’s personal income.