3255 Lake Ridge Dr APT ADubuqueIA52003
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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 Dubuque at 3255 Lake Ridge Dr APT A, Dubuque, IA, 52003 uses $87,848 cash to close to unlock $2,760/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,951/mo, and a $1,297/mo payment keeps the spread at $230/mo. Purchase price stands at $265,000, and rental yield measures 8.83% with $1,951/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash records $105,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,951/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52003, Dubuque, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,282 (100%) |
| Owner Occupied HU | 5,062 (80.6%) |
| Renter Occupied HU | 823 (13.1%) |
| Vacant Housing Units | 397 ( 6.3%) |
| Median Home Value | $305,716 |
| Average Home Value | $344,051 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
5,671
Multi-Family
513
Businesses
528
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