1205 Lakeside AveLake ParkIA51347
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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 Lake Park at 1205 Lakeside Ave, Lake Park, IA, 51347 generates $2,803/mo in rent and, after a $1,077/mo payment, leaves $1,374/mo in cash flow. Total monthly income is $2,803/mo, and annual cash flow is $16,488/yr on $72,930 invested. Return on cash invested sits at 42.52% in year one, and rental yield is 15.29% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 224.48% and total cumulative return in cash sums $163,715. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,803/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51347, Lake Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 573 (70.2%) |
| Renter Occupied HU | 94 (11.5%) |
| Vacant Housing Units | 149 (18.3%) |
| Median Home Value | $234,639 |
| Average Home Value | $303,717 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
50
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Listed by: Lezlie Boetel Pohlman • Hinn Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250691
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.