Townhome Plan, The Cove at Spruce Hills,Cedar Falls,IA,50613

Investment Highlights

Investment property for sale in Cedar Falls at Townhome Plan, The Cove at Spruce Hills, Cedar Falls, IA, 50613 listed at $270,650 pairs $2,383/mo rent with a $1,325/mo payment to leave $450/mo cash flow. Total monthly income runs $2,383/mo, and annual cash flow reaches $5,400/yr on $89,720 cash to close. Return on cash invested measures 25.93% in year one, and rental yield registers 10.57% at a $270,650 basis. Equity gained on principal adds $1,746/yr, and annual property appreciation at 5% supports $74,776 by year five. Five-year ROI tracks 136.36% and total cumulative return in cash totals $122,341. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,383/mo property income relative to a $1,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).