1823 140th AveLake ParkIA51347
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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
Investment property for sale in Lake Park at 1823 140th Ave, Lake Park, IA, 51347 offers a 8.17% rental yield on a $360,000 purchase with $2,452/mo rent. Total monthly income registers $2,452/mo, and a $1,762/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,368/yr on $119,340 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 109.39% and total cumulative return in cash at $130,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,452/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
3.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51347, Lake Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 573 (70.2%) |
| Renter Occupied HU | 94 (11.5%) |
| Vacant Housing Units | 149 (18.3%) |
| Median Home Value | $234,639 |
| Average Home Value | $303,717 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
50
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Listed by: Landon Howard • eXp Realty - Spirit Lake
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240934
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.