359 Lakeshore DrMccook LakeSD57049
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mccook Lake at 359 Lakeshore Dr, Mccook Lake, SD, 57049 offers $1,589/mo rent that, after a $3,519/mo payment. Total monthly income is $1,589/mo. Return on cash invested measures 5.07% in year one, and rental yield stands at 2.65% at a $719,000 entry. Equity gained on principal adds $4,640/yr while 5% annual appreciation compounds into $198,646 by year five. Five-year ROI records 23.42% and total cumulative return in cash reaches $55,409. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,589/mo property income versus a $3,519/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57049, North Sioux City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 2,294 (65.7%) |
| Renter Occupied HU | 1,068 (30.6%) |
| Vacant Housing Units | 132 ( 3.8%) |
| Median Home Value | $447,794 |
| Average Home Value | $495,932 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
2,685
Multi-Family
707
Businesses
446
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Listed by: Kevin Archer • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls ID: #829818