824 Tennyson Ave,Ames,IA,50014

Investment Highlights

Rental property for sale in Ames at 824 Tennyson Ave, Ames, IA, 50014 priced at $397,000 converts $2,996/mo rent into $418/mo cash flow after a $1,943/mo obligation. Total monthly income equals $2,996/mo, and annual cash flow totals $5,014/yr on $131,606 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 9.06% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 123.67% and total cumulative return in cash sums $162,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,996/mo property income covering a $1,943/mo payment, not borrower’s personal income.