1302 Highway 71 N #23OkobojiIA51355
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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 Okoboji at 1302 Highway 71 N #23, Okoboji, IA, 51355 earns $1,009/mo cash flow from $2,746/mo rent with a $1,121/mo payment. Total monthly income totals $2,746/mo, and annual cash flow totals $12,103/yr on $75,914 capital. ROI tracks 35.85% on current figures, and rental yield reads 14.39% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 190.2% and total cumulative return in cash sums $144,389. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,746/mo property income instead of your personal income.
Condo
Built in 1998
2,178 sqft lot
$N/A/sqft
$250 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Jeff Nelson • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #830264
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.