306 Emerald DrArnolds 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
Rental property for sale in Arnolds Park at 306 Emerald Dr, Arnolds Park, IA, 51331 offers $1,680/mo rent that, after a $1,412/mo payment. Total monthly income is $1,680/mo. Return on cash invested measures 17.48% in year one, and rental yield stands at 6.99% at a $288,500 entry. Equity gained on principal adds $1,862/yr while 5% annual appreciation compounds into $79,707 by year five. Five-year ROI records 90.25% and total cumulative return in cash reaches $86,317. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $1,412/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1995
8,712 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: Marilyn Strickland • Hoien Realty
Mls Name: Iowa Great Lakes BOR
Mls ID: #251378