4005 Iris Ct,Rockford,MN,55373

Investment Highlights

Investment property for sale in Rockford at 4005 Iris Ct, Rockford, MN, 55373 uses $104,389 cash to close to unlock $11,195/yr annual cash flow and $933/mo monthly cash flow. Total monthly income runs $2,899/mo, and a $1,541/mo payment keeps the spread at $933/mo. Purchase price stands at $314,900, and rental yield measures 11.05% with $2,899/mo rent. Return on cash invested shows 30.63% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 160.41% and total cumulative return in cash records $167,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,899/mo property income covering a $1,541/mo payment rather than investor’s personal income.