1000 E Shore DrLake ViewIA51450
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lake View at 1000 E Shore Dr, Lake View, IA, 51450 offers a 3.74% rental yield on a $745,000 purchase with $2,321/mo rent. 74% in year one. Equity gained on principal adds $4,807/yr while 5% annual appreciation supports $205,830 over five years. Portfolio math shows five-year ROI at 37.93% and total cumulative return in cash at $92,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,321/mo property income against a $3,646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7,256 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51450, Lake View, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,059 (100%) |
| Owner Occupied HU | 559 (52.8%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 354 (33.4%) |
| Median Home Value | $232,843 |
| Average Home Value | $269,038 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
76
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