1302 Highway 71 N #7OkobojiIA51355
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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 #7, Okoboji, IA, 51355 earns from $2,135/mo rent with a $1,512/mo payment. Total monthly income totals $2,135/mo. ROI tracks 18.49% on current figures, and rental yield reads 8.29% 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 96.69% and total cumulative return in cash sums $99,041. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,135/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$250 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Brad Sanderson • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240708
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