1603 Chalstrom Beach Rd #202, Okoboji, IA, 51355 | 4.35% 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 1603 Chalstrom Beach Rd #202, Okoboji, IA, 51355 offers a 4.35% rental yield on a $550,000 purchase with $1,993/mo rent. 59% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 47.87% and total cumulative return in cash at $86,614. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1998

8,712 sqft lot

$N/A/sqft

No HOA