309 3rd Ave SE,Oelwein,IA,50662

Investment Highlights

Investment property for sale in Oelwein at 309 3rd Ave SE, Oelwein, IA, 50662 offers a 12% rental yield on a $115,000 purchase with $1,150/mo rent. Total monthly income registers $1,150/mo, and a $563/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,836/yr on $38,123 to close, and return on cash invested stands at 32.59% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 171.26% and total cumulative return in cash at $65,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,150/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.