1320 S Lake StLake MillsIA50450
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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
Rental property for sale in Lake Mills at 1320 S Lake St, Lake Mills, IA, 50450 priced at $220,000 pairs $1,237/mo rent with after a $1,077/mo payment. Total monthly income equals $1,237/mo. Return on cash invested is 16.75% in year one, and rental yield stands at 6.75% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 86.27% and total cumulative return in cash reaches $62,915. For financing, Ziffy Mortgage’s DSCR program evaluates $1,237/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50450, Lake Mills, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 869 (63.9%) |
| Renter Occupied HU | 362 (26.6%) |
| Vacant Housing Units | 130 ( 9.6%) |
| Median Home Value | $159,606 |
| Average Home Value | $189,750 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,201
Multi-Family
59
Businesses
127
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Listed by: Krystle Hesse • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250490
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