1761 260th Ave #13Spirit LakeIA51360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spirit Lake at 1761 260th Ave #13, Spirit Lake, IA, 51360 earns $418/mo cash flow from $2,276/mo rent with a $1,400/mo payment. Total monthly income totals $2,276/mo, and annual cash flow totals $5,021/yr on $94,809 capital. ROI tracks 25.2% on current figures, and rental yield reads 9.55% at a $286,000 purchase. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,017 over five years. Five-year ROI reaches 131.67% and total cumulative return in cash sums $124,832. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,276/mo property income instead of your personal income.
Single Family
Built in 2019
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51360, Spirit Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 3,158 (43.5%) |
| Renter Occupied HU | 885 (12.2%) |
| Vacant Housing Units | 3,221 (44.3%) |
| Median Home Value | $353,365 |
| Average Home Value | $492,400 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,272
Multi-Family
510
Businesses
489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A