23701 Lake Shore DrBernardIA52032
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 23701 Lake Shore Dr, Bernard, IA, 52032 in Bernard achieves a 1.96 ratio at $134,900: $1,187/mo rent versus $607/mo debt service. Rental yield 10.56%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.56% yield compounds alongside 5% annual appreciation projecting $37,270 in value. Total projected cumulative return: $35,970.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $(279) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,187 |
| Total Monthly Debt Service | $1,412 |
| DSCR Ratio | 0.84x |
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 2016
0.29 Acres lot
$N/A/sqft
$590 monthly 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 2016
0.29 Acres lot
$N/A/sqft
$590 monthly 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: Valerie Kieler • Remax Advantage
Mls Name: East Central Iowa AOR as distributed by MLS GRID
Mls Provider:
Mls ID: #155224
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.