1004 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 1004 S Western St, Lake Mills, IA, 50450 at $234,000 posts ROI 21.65% with $113/mo cash flow from $1,632/mo rent. Total monthly income equals $1,632/mo, and annual cash flow records $1,351/yr on $77,571 to close. Return on cash invested measures 21.65% and rental yield reads 8.37% at the current $234,000. Equity gained on principal adds $1,510/yr, and 5% annual appreciation supports $64,650 by year five. Five-year ROI prints 112.59% and total cumulative return in cash totals $87,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,632/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
10,454 sqft 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: #6325508
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.