Portland Plan, Southbridge,Adel,IA,50003

Investment Highlights

Rental property for sale in Adel at Portland Plan, Southbridge, Adel, IA, 50003 generates $2,646/mo in rent and, after a $1,463/mo payment, leaves $705/mo in cash flow. Total monthly income is $2,646/mo, and annual cash flow is $8,455/yr on $99,119 invested. Return on cash invested sits at 28.44% in year one, and rental yield is 10.62% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 149% and total cumulative return in cash sums $147,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,646/mo property income rather than buyer’s personal income.