114 Mallard DrStorm 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
Rental property for sale in Storm Lake at 114 Mallard Dr, Storm Lake, IA, 50588 priced at $449,900 converts $2,360/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,360/mo. Return on cash invested prints 15.39% in year one, and rental yield reads 6.29% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 79.03% and total cumulative return in cash sums $117,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,360/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.46 Acres 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: Joseph Aube • Real Estate Specialists
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830222