229 9th Ave SE,Le Mars,IA,51031

Investment Highlights

Rental property for sale in Le Mars at 229 9th Ave SE, Le Mars, IA, 51031 generates $1,556/mo in rent and, after a $849/mo payment, leaves $429/mo in cash flow. Total monthly income is $1,556/mo, and annual cash flow is $5,153/yr on $57,519 invested. Return on cash invested sits at 28.87% in year one, and rental yield is 10.76% on a $173,510 entry. Equity gained on principal adds $1,120/yr, while 5% annual appreciation builds toward $47,938 over five years. Five-year ROI reaches 151.33% and total cumulative return in cash sums $87,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,556/mo property income rather than buyer’s personal income.