312 N Winnebago StLake MillsIA50450
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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 Lake Mills at 312 N Winnebago St, Lake Mills, IA, 50450 uses $43,062 cash to close to unlock $4,730/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $636/mo payment keeps the spread at $394/mo. Purchase price stands at $129,900, and rental yield measures 11.44% with $1,238/mo rent. Return on cash invested shows 30.89% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 162.26% and total cumulative return in cash records $69,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1962
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50450, Lake Mills, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 869 (63.9%) |
| Renter Occupied HU | 362 (26.6%) |
| Vacant Housing Units | 130 ( 9.6%) |
| Median Home Value | $159,606 |
| Average Home Value | $189,750 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,201
Multi-Family
59
Businesses
127
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Listed by: Lucas Schuster • Leland Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6785101