1012 Witter StStorm LakeIA50588
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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 Storm Lake at 1012 Witter St, Storm Lake, IA, 50588 earns $152/mo cash flow from $1,379/mo rent with a $925/mo payment. Total monthly income totals $1,379/mo, and annual cash flow totals $1,819/yr on $62,654 capital. ROI tracks 22.81% on current figures, and rental yield reads 8.76% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 118.82% and total cumulative return in cash sums $74,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,379/mo property income instead of your personal income.
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50588, Storm Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,962 (100%) |
| Owner Occupied HU | 2,950 (59.5%) |
| Renter Occupied HU | 1,537 (31.0%) |
| Vacant Housing Units | 475 ( 9.6%) |
| Median Home Value | $217,957 |
| Average Home Value | $295,617 |
Housing Distribution
Address Breakdown
Residential
4,706
Single Family
4,086
Multi-Family
620
Businesses
516
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Listed by: Holly M Diischer • Signature Real Estate Group of Iowa
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829444