290 240th Ave #297Arnolds 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 290 240th Ave #297, Arnolds Park, IA, 51331 uses $75,914 cash to close to unlock $2,311/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,121/mo payment keeps the spread at $193/mo. Purchase price stands at $229,000, and rental yield measures 8.8% with $1,680/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 119.61% and total cumulative return in cash records $90,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 2020
4,791 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: Aaron Jones • RE/MAX Lakes Realty
Mls Name: Iowa Great Lakes BOR
Mls ID: #250916