15964 Highway 86 #19Spirit LakeIA51360
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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
Total monthly income runs $1,580/mo, and a $2,398/mo payment. Purchase price stands at $490,000, and rental yield measures 3.87% with $1,580/mo rent. Return on cash invested shows 8.07% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 39.77% and total cumulative return in cash records $64,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,580/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51360, Spirit Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 3,158 (43.5%) |
| Renter Occupied HU | 885 (12.2%) |
| Vacant Housing Units | 3,221 (44.3%) |
| Median Home Value | $353,365 |
| Average Home Value | $492,400 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,272
Multi-Family
510
Businesses
489
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Listed by: Jill Pluim • Realty Associates
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829895