1613 Chalstrom Beach Rd #202OkobojiIA51355
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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 Okoboji at 1613 Chalstrom Beach Rd #202, Okoboji, IA, 51355 offers a 3.06% rental yield on a $635,000 purchase with $1,620/mo rent. 09% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,439 over five years. Portfolio math shows five-year ROI at 13.96% and total cumulative return in cash at $29,168. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
6,969 sqft lot
$N/A/sqft
$450 monthly HOA
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Listed by: Michael Jensen • Jensen Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #241310
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