1652 Exchange St UNIT 4OkobojiIA51355
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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 UNIT 4, Okoboji, IA, 51355 generates $1,620/mo in rent, after a $1,150/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 8.28% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 103.37% and total cumulative return in cash sums $80,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Condo
Built in 2000
5,662 sqft lot
$N/A/sqft
$100 monthly HOA
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Listed by: Charlie Leissler • RE/MAX Lakes Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240803
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