1302 Highway 71 N #21, Okoboji, IA, 51355 | $67/mo Cash Flow

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 #21, Okoboji, IA, 51355 earns $67/mo cash flow from $1,619/mo rent with a $1,170/mo payment. Total monthly income totals $1,619/mo, and annual cash flow totals $799/yr on $79,229 capital. ROI tracks 20.92% on current figures, and rental yield reads 8.13% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 108.67% and total cumulative return in cash sums $86,100. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,619/mo property income instead of your personal income.

Condo

Built in 1998

2,178 sqft lot

$N/A/sqft

No HOA