31 3rd Ave NW,Le Mars,IA,51031

Investment Highlights

Rental property for sale in Le Mars at 31 3rd Ave NW, Le Mars, IA, 51031 priced at $285,000 pairs $2,108/mo rent with $257/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,108/mo, and annual cash flow comes to $3,084/yr on $94,478 invested. Return on cash invested is 23.17% in year one, and rental yield stands at 8.88% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 120.73% and total cumulative return in cash reaches $114,066. For financing, Ziffy Mortgage’s DSCR program evaluates $2,108/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.