116 N Emerald DrStorm LakeIA50588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Storm Lake at 116 N Emerald Dr, Storm Lake, IA, 50588 with 5% annual appreciation on a $185,000 basis while $1,661/mo rent supports operations. Total monthly income totals $1,661/mo and a $905/mo payment preserves $460/mo for cash returns. Annual cash flow comes to $5,520/yr on $61,328 deployed, and return on cash invested reaches 28.91% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 10.77%. Five-year ROI measures 151.49% and total cumulative return in cash totals $92,907.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,661/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert D Smith • Rob Smith Homes & Land
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831088