303 Lakeshore DrLakesideIA50588
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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
Rental property for sale in Lakeside at 303 Lakeshore Dr, Lakeside, IA, 50588 generates $866/mo in rent, after a $1,123/mo payment. Total monthly income is $866/mo. Return on cash invested sits at 10.06% in year one, and rental yield is 4.53% on a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 50.45% and total cumulative return in cash sums $38,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $866/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50588, Storm Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,962 (100%) |
| Owner Occupied HU | 2,950 (59.5%) |
| Renter Occupied HU | 1,537 (31.0%) |
| Vacant Housing Units | 475 ( 9.6%) |
| Median Home Value | $217,957 |
| Average Home Value | $295,617 |
Housing Distribution
Address Breakdown
Residential
4,706
Single Family
4,086
Multi-Family
620
Businesses
516
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