23202 Lake Shore DrBernardIA52032
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 23202 Lake Shore Dr, Bernard, IA, 52032 in Bernard offers a clean, manageable entry. Rental yield 7.47%. DSCR 1.38 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $53,046 in additional property value over five years, with $1,768/yr in principal equity building ownership stake. Total projected cumulative return: $67,524.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $(89) | $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 | $1,195 |
| Total Monthly Debt Service | $1,208 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1966
0.28 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52032, Bernard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 726 (100%) |
| Owner Occupied HU | 485 (66.8%) |
| Renter Occupied HU | 73 (10.1%) |
| Vacant Housing Units | 168 (23.1%) |
| Median Home Value | $311,161 |
| Average Home Value | $372,000 |
Housing Distribution
Address Breakdown
Residential
600
Single Family
600
Multi-Family
0
Businesses
16
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 1966
0.28 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52032, Bernard, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 726 (100%) |
| Owner Occupied HU | 485 (66.8%) |
| Renter Occupied HU | 73 (10.1%) |
| Vacant Housing Units | 168 (23.1%) |
| Median Home Value | $311,161 |
| Average Home Value | $372,000 |
Housing Distribution
Address Breakdown
Residential
600
Single Family
600
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janice Esser • Remax Advantage
Mls Name: East Central Iowa AOR
Mls Provider:
Mls ID: #152008
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.