Harrison IV Plan, Eagle Vista,Adel,IA,50003

Investment Highlights

Rental property for sale in Adel at Harrison IV Plan, Eagle Vista, Adel, IA, 50003 priced at $352,000 converts $2,950/mo rent into $664/mo cash flow after a $1,723/mo obligation. Total monthly income equals $2,950/mo, and annual cash flow totals $7,966/yr on $116,688 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 10.06% against a $352,000 entry. Equity gained on principal adds $2,271/yr, while 5% annual appreciation compiles into $97,251 by year five. Five-year ROI reaches 139.84% and total cumulative return in cash sums $163,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,950/mo property income covering a $1,723/mo payment, not borrower’s personal income.