20564 Breakwater DrSpirit LakeIA51360
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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 Spirit Lake at 20564 Breakwater Dr, Spirit Lake, IA, 51360 earns from $2,100/mo rent with a $4,576/mo payment. Total monthly income totals $2,100/mo. ROI tracks 4.57% on current figures, and rental yield reads 2.7% at a $935,000 purchase. Equity gained on principal adds $6,033/yr, and 5% annual appreciation supports $258,323 over five years. Five-year ROI reaches 20.93% and total cumulative return in cash sums $64,376. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,100/mo property income instead of your personal income.
Single Family
Built in 1974
6,969 sqft 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
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Listed by: Mickey Harrington • Okoboji Realty
Mls Name: Iowa Great Lakes BOR
Mls ID: #251596