20796 170th St UNIT C4Spirit 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
Rental property for sale in Spirit Lake at 20796 170th St UNIT C4, Spirit Lake, IA, 51360 generates $1,380/mo in rent, after a $7,073/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at -0.15% in year one, and rental yield is 1.15% on a $1,445,000 entry. Equity gained on principal adds $9,324/yr, while 5% annual appreciation builds toward $399,227 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Condo
Built in 2001
6,534 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: Elizabeth Sandy • RE/MAX Lakes Realty
Mls Name: Iowa Great Lakes BOR
Mls ID: #250871