500 16th St SW,Le Mars,IA,51031

Investment Highlights

Investment property for sale in Le Mars at 500 16th St SW, Le Mars, IA, 51031 listed at $239,900 pairs $1,578/mo rent with a $1,174/mo payment to leave $20/mo cash flow. Total monthly income runs $1,578/mo, and annual cash flow reaches $242/yr on $79,527 cash to close. Return on cash invested measures 20.21% in year one, and rental yield registers 7.89% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 104.92% and total cumulative return in cash totals $83,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,578/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).