1800 Country Club Dr UNIT 215OkobojiIA51355
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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 1800 Country Club Dr UNIT 215, Okoboji, IA, 51355 generates $1,620/mo in rent and, after a $929/mo payment, leaves $137/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $1,646/yr on $62,952 invested. Return on cash invested sits at 22.52% in year one, and rental yield is 10.24% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 119.05% and total cumulative return in cash sums $74,945. 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 1970
3,484 sqft lot
$N/A/sqft
$250 monthly HOA
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Listed by: Josh Schaben • Keller Williams Okoboji
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250323
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.