1002 S Western StLake MillsIA50450
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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 Mills at 1002 S Western St, Lake Mills, IA, 50450 uses $80,555 cash to close to unlock $3,050/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,832/mo, and a $1,189/mo payment keeps the spread at $254/mo. Purchase price stands at $243,000, and rental yield measures 9.05% with $1,832/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 123.58% and total cumulative return in cash records $99,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,832/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50450, Lake Mills, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 869 (63.9%) |
| Renter Occupied HU | 362 (26.6%) |
| Vacant Housing Units | 130 ( 9.6%) |
| Median Home Value | $159,606 |
| Average Home Value | $189,750 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,201
Multi-Family
59
Businesses
127
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Listed by: Marisa Koppen • Realty ONE Group Black Diamond
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6328277
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.