217 8th StLake ViewIA51450
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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 View at 217 8th St, Lake View, IA, 51450 earns $591/mo cash flow from $1,837/mo rent with a $939/mo payment. Total monthly income totals $1,837/mo, and annual cash flow totals $7,094/yr on $63,565 capital. ROI tracks 31.07% on current figures, and rental yield reads 11.5% at a $191,750 purchase. Equity gained on principal adds $1,237/yr, and 5% annual appreciation supports $52,977 over five years. Five-year ROI reaches 163.16% and total cumulative return in cash sums $103,714. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,837/mo property income instead of your personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51450, Lake View, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,059 (100%) |
| Owner Occupied HU | 559 (52.8%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 354 (33.4%) |
| Median Home Value | $232,843 |
| Average Home Value | $269,038 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
76
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Listed by: Rodney McCrea • Realty ONE Group Impact
Mls Name: DMMLS
Mls Provider:
Mls ID: #697020
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.