1114 Highway 71 N UNIT 6-B3, Okoboji, IA, 51355 | 2.82% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Okoboji at 1114 Highway 71 N UNIT 6-B3, Okoboji, IA, 51355 generates $1,620/mo in rent, after a $3,372/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 4.95% in year one, and rental yield is 2.82% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 22.99% and total cumulative return in cash sums $52,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.

Condo

Built in 1996

3,484 sqft lot

$N/A/sqft

No HOA