3029 Cedar Ln,Ames,IA,50014

Investment Highlights

Investment property for sale in Ames at 3029 Cedar Ln, Ames, IA, 50014 listed at $404,900 pairs $2,869/mo rent with a $1,982/mo payment to leave $239/mo cash flow. Total monthly income runs $2,869/mo, and annual cash flow reaches $2,870/yr on $134,224 cash to close. Return on cash invested measures 22.05% in year one, and rental yield registers 8.5% at a $404,900 basis. Equity gained on principal adds $2,613/yr, and annual property appreciation at 5% supports $111,866 by year five. Five-year ROI tracks 114.73% and total cumulative return in cash totals $153,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,869/mo property income relative to a $1,982/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).