314 E Madison StLake CityIA51449
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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 City at 314 E Madison St, Lake City, IA, 51449 offers a 14.25% rental yield on a $153,540 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $752/mo payment leaves $771/mo available for distribution. Annual cash flow reaches $9,258/yr on $50,899 to close, and return on cash invested stands at 38.1% in year one. Equity gained on principal adds $991/yr while 5% annual appreciation supports $42,420 over five years. Portfolio math shows five-year ROI at 201.3% and total cumulative return in cash at $102,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $752/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51449, Lake City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 672 (68.6%) |
| Renter Occupied HU | 204 (20.8%) |
| Vacant Housing Units | 104 (10.6%) |
| Median Home Value | $179,310 |
| Average Home Value | $226,577 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
842
Multi-Family
36
Businesses
92
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