802 NE Elm St,Elkhart,IA,50073

Investment Highlights

Investment property for sale in Elkhart at 802 NE Elm St, Elkhart, IA, 50073 with 5% annual appreciation on a $364,500 basis while $2,485/mo rent supports operations. Total monthly income totals $2,485/mo and a $1,784/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,414/yr on $120,832 deployed, and return on cash invested reaches 21.08% in year one. Equity gained on principal adds $2,352/yr, and five-year appreciation sums $100,705 alongside rental yield of 8.18%. Five-year ROI measures 109.52% and total cumulative return in cash totals $132,330.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,485/mo property income versus a $1,784/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.