206 Seneca StStorm LakeIA50588
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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 Storm Lake at 206 Seneca St, Storm Lake, IA, 50588 generates $1,736/mo in rent and, after a $987/mo payment, leaves $390/mo in cash flow. Total monthly income is $1,736/mo, and annual cash flow is $4,680/yr on $66,830 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 10.33% on a $201,600 entry. Equity gained on principal adds $1,301/yr, while 5% annual appreciation builds toward $55,698 over five years. Five-year ROI reaches 141.03% and total cumulative return in cash sums $94,254. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,736/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50588, Storm Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,962 (100%) |
| Owner Occupied HU | 2,950 (59.5%) |
| Renter Occupied HU | 1,537 (31.0%) |
| Vacant Housing Units | 475 ( 9.6%) |
| Median Home Value | $217,957 |
| Average Home Value | $295,617 |
Housing Distribution
Address Breakdown
Residential
4,706
Single Family
4,086
Multi-Family
620
Businesses
516
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