415 2nd Ave NE,Oelwein,IA,50662

Investment Highlights

Rental property for sale in Oelwein at 415 2nd Ave NE, Oelwein, IA, 50662 generates $1,130/mo in rent and, after a $627/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,130/mo, and annual cash flow is $3,590/yr on $42,432 invested. Return on cash invested sits at 28.37% in year one, and rental yield is 10.59% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 148.72% and total cumulative return in cash sums $63,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,130/mo property income rather than buyer’s personal income.