1114 Highway 71 N UNIT 1-C3OkobojiIA51355
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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 Okoboji at 1114 Highway 71 N UNIT 1-C3, Okoboji, IA, 51355 generates $1,135/mo in rent, after a $1,248/mo payment. Total monthly income is $1,135/mo. Return on cash invested sits at 9.16% in year one, and rental yield is 5.34% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 46.81% and total cumulative return in cash sums $39,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,135/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1,742 sqft lot
$N/A/sqft
$708 quarterly HOA
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Nearby investment properties with comparable prices
Listed by: Mary Lynn Ingvall • Ingvall Real Estate Team
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #251172
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.