1504 Lakeside AveLake ParkIA51347
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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 Lake Park at 1504 Lakeside Ave, Lake Park, IA, 51347 listed at $449,000 pairs $0/mo rent with a $2,198/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.6% in year one, and rental yield registers 0% at a $449,000 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,050 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51347, Lake Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 573 (70.2%) |
| Renter Occupied HU | 94 (11.5%) |
| Vacant Housing Units | 149 (18.3%) |
| Median Home Value | $234,639 |
| Average Home Value | $303,717 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
50
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No similar rental properties found nearby.
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Listed by: Amber Oberman • Integrity Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240458
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.