1106 Okoboji AveMilfordIA51351
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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 Milford at 1106 Okoboji Ave, Milford, IA, 51351 generates $2,716/mo in rent and, after a $1,437/mo payment, leaves $809/mo in cash flow. Total monthly income is $2,716/mo, and annual cash flow is $9,713/yr on $97,295 invested. Return on cash invested sits at 29.89% in year one, and rental yield is 11.1% on a $293,500 entry. Equity gained on principal adds $1,894/yr, while 5% annual appreciation builds toward $81,089 over five years. Five-year ROI reaches 156.8% and total cumulative return in cash sums $152,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,716/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.32 Acres lot
$N/A/sqft
No HOA
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Listed by: Janie Eick • RE/MAX Lakes Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250763
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.