1612 Shoreway RdStorm LakeIA50588
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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 $3,491/mo, and a $4,136/mo payment. Purchase price stands at $845,000, and rental yield measures 4.96% with $3,491/mo rent. Return on cash invested shows 11.06% in year one, and 5% annual appreciation builds toward $233,458 over five years. Five-year ROI reaches 55.89% and total cumulative return in cash records $155,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,491/mo property income covering a $4,136/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50588, Storm Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,962 (100%) |
| Owner Occupied HU | 2,950 (59.5%) |
| Renter Occupied HU | 1,537 (31.0%) |
| Vacant Housing Units | 475 ( 9.6%) |
| Median Home Value | $217,957 |
| Average Home Value | $295,617 |
Housing Distribution
Address Breakdown
Residential
4,706
Single Family
4,086
Multi-Family
620
Businesses
516
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Listed by: Austin Stuhr • Signature Real Estate Group of Iowa
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829133
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.