1302 Highway 71 N #8, Okoboji, IA, 51355 | 6.33% 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 #8, Okoboji, IA, 51355 earns from $1,694/mo rent with a $1,571/mo payment. Total monthly income totals $1,694/mo. ROI tracks 15.5% on current figures, and rental yield reads 6.33% at a $321,000 purchase. Equity gained on principal adds $2,071/yr, and 5% annual appreciation supports $88,686 over five years. Five-year ROI reaches 79.64% and total cumulative return in cash sums $84,749. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,694/mo property income instead of your personal income.

Condo

Built in 1998

2,178 sqft lot

$N/A/sqft

No HOA