829 2nd Ave NE,Oelwein,IA,50662

Investment Highlights

Investment property for sale in Oelwein at 829 2nd Ave NE, Oelwein, IA, 50662 listed at $145,000 pairs $1,187/mo rent with a $710/mo payment to leave $245/mo cash flow. Total monthly income runs $1,187/mo, and annual cash flow reaches $2,940/yr on $48,068 cash to close. Return on cash invested measures 26.03% in year one, and rental yield registers 9.82% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 136.05% and total cumulative return in cash totals $65,396. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,187/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).