11690 240th AveSpirit LakeIA51360
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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
Investment property for sale in Spirit Lake at 11690 240th Ave, Spirit Lake, IA, 51360 earns from $1,380/mo rent with a $5,188/mo payment. Total monthly income totals $1,380/mo. ROI tracks 1.14% on current figures, and rental yield reads 1.56% at a $1,060,000 purchase. Equity gained on principal adds $6,840/yr, and 5% annual appreciation supports $292,858 over five years. Five-year ROI reaches 2.49% and total cumulative return in cash sums $8,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,380/mo property income instead of your personal income.
Single Family
Built in 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51360, Spirit Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 3,158 (43.5%) |
| Renter Occupied HU | 885 (12.2%) |
| Vacant Housing Units | 3,221 (44.3%) |
| Median Home Value | $353,365 |
| Average Home Value | $492,400 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,272
Multi-Family
510
Businesses
489
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Listed by: Doug Small • Hinn Real Estate
Mls Name: Iowa Great Lakes BOR
Mls ID: #250290