244 Highway 71 S #20Arnolds ParkIA51331
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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 Arnolds Park at 244 Highway 71 S #20, Arnolds Park, IA, 51331 listed at $578,000 pairs $1,680/mo rent with a $2,829/mo payment. Total monthly income runs $1,680/mo. Return on cash invested measures 6.97% in year one, and rental yield registers 3.49% at a $578,000 basis. Equity gained on principal adds $3,730/yr, and annual property appreciation at 5% supports $159,691 by year five. Five-year ROI tracks 33.87% and total cumulative return in cash totals $64,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $2,829/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2024
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51331, Arnolds Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,499 (100%) |
| Owner Occupied HU | 472 (31.5%) |
| Renter Occupied HU | 123 ( 8.2%) |
| Vacant Housing Units | 904 (60.3%) |
| Median Home Value | $423,944 |
| Average Home Value | $515,339 |
Housing Distribution
Address Breakdown
Residential
347
Single Family
347
Multi-Family
0
Businesses
112
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Listed by: Kolette Delperdang • EXIT Realty Midwest
Mls Name: Iowa Great Lakes BOR
Mls ID: #251595