117 Lakeside Dr NESolonIA52333
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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 Solon at 117 Lakeside Dr NE, Solon, IA, 52333 with 5% annual appreciation on a $299,950 basis while $2,137/mo rent supports operations. Total monthly income totals $2,137/mo and a $1,468/mo payment preserves $189/mo for cash returns. Annual cash flow comes to $2,269/yr on $99,433 deployed, and return on cash invested reaches 22.19% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,871 alongside rental yield of 8.55%. Five-year ROI measures 115.51% and total cumulative return in cash totals $114,860.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,137/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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Listed by: Graf Home Selling Team • GRAF REAL ESTATE, ERA POWERED
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502445
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.