204 E 5th StLake ParkIA51347
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow204 E 5th St, Lake Park, IA, 51347 in Lake Park is a top-tier cash-flow asset. At $126,000 it produces $1,705/mo in rent and $887/mo in net monthly income, a 16.24% gross rental yield. The DSCR of 3.01 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $10,643. Five-year appreciation adds $34,811, driving a total cumulative return of $105,011.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 16.2% | 6.2% |
| Monthly Cash Flow | $887 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,705 |
| Total Monthly Debt Service | $768 |
| DSCR Ratio | 2.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
7,405 sqft 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
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
Single Family
Built in 1990
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zach Garms • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #251195
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.