1302 Highway 71 N #1, Okoboji, IA, 51355 | 6.54% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Okoboji at 1302 Highway 71 N #1, Okoboji, IA, 51355 earns from $1,685/mo rent with a $1,512/mo payment. Total monthly income totals $1,685/mo. ROI tracks 16.14% on current figures, and rental yield reads 6.54% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 83.06% and total cumulative return in cash sums $85,085. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,685/mo property income instead of your personal income.

Condo

Built in 1998

2,178 sqft lot

$N/A/sqft

No HOA