1709 Lake Front Dr NESolonIA52333
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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 Solon at 1709 Lake Front Dr NE, Solon, IA, 52333 offers $3,342/mo rent that, after a $1,835/mo payment, leaves $790/mo cash flow. Total monthly income is $3,342/mo, and annual cash flow is $9,484/yr on $124,313 cash. Return on cash invested measures 27.54% in year one, and rental yield stands at 10.69% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 144.58% and total cumulative return in cash reaches $179,727. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,342/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.46 Acres lot
$N/A/sqft
$350 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52333, Solon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,033 (100%) |
| Owner Occupied HU | 2,525 (83.3%) |
| Renter Occupied HU | 345 (11.4%) |
| Vacant Housing Units | 163 ( 5.4%) |
| Median Home Value | $386,995 |
| Average Home Value | $538,050 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,840
Multi-Family
74
Businesses
179
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Listed by: Jennifer Goerdt • KW Advantage
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2501688
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.