509 E 1st St,Madrid,IA,50156

Investment Highlights

Investment property for sale in Madrid at 509 E 1st St, Madrid, IA, 50156 listed at $169,900 pairs $1,110/mo rent with a $832/mo payment to leave $6/mo cash flow. Total monthly income runs $1,110/mo, and annual cash flow reaches $74/yr on $56,322 cash to close. Return on cash invested measures 20.04% in year one, and rental yield registers 7.84% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 104.04% and total cumulative return in cash totals $58,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,110/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).