1223 540th StStorm 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 1223 540th St, Storm Lake, IA, 50588 generates $1,669/mo in rent, after a $1,860/mo payment. Total monthly income is $1,669/mo. Return on cash invested sits at 12.3% in year one, and rental yield is 5.27% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 62.41% and total cumulative return in cash sums $78,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,669/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2.76 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 Provider:
Mls ID: #828855
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.