1652 Exchange StOkobojiIA51355
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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
Rental property for sale in Okoboji at 1652 Exchange St, Okoboji, IA, 51355 priced at $184,900 converts $1,620/mo rent into $269/mo cash flow after a $905/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $3,230/yr on $61,294 invested. Return on cash invested prints 25.18% in year one, and rental yield reads 10.51% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 132.63% and total cumulative return in cash sums $81,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $905/mo payment, not borrower’s personal income.
Condo
Built in 2003
5,434 sqft lot
$N/A/sqft
$150 monthly HOA
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Listed by: Matt Lippon • Jensen Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #251173
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.