110 W Bay RdLake ParkIA51347
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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
Rental property for sale in Lake Park at 110 W Bay Rd, Lake Park, IA, 51347 priced at $871,690 pairs $4,000/mo rent with after a $4,266/mo payment. Total monthly income equals $4,000/mo. Return on cash invested is 13.11% in year one, and rental yield stands at 5.51% on a $871,690 basis. Equity gained on principal adds $5,625/yr, and 5% annual appreciation accumulates to $240,832 by year five. Five-year ROI measures 66.77% and total cumulative return in cash reaches $191,475. For financing, Ziffy Mortgage’s DSCR program evaluates $4,000/mo property income against a $4,266/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51347, Lake Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 573 (70.2%) |
| Renter Occupied HU | 94 (11.5%) |
| Vacant Housing Units | 149 (18.3%) |
| Median Home Value | $234,639 |
| Average Home Value | $303,717 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
50
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Listed by: Seth Hellinga • Real Estate Unlimited
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #241243
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.