369 Lakeshore DrMccook LakeSD57049
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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 Mccook Lake at 369 Lakeshore Dr, Mccook Lake, SD, 57049 priced at $350,000 converts $1,778/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,778/mo. Return on cash invested prints 15.42% in year one, and rental yield reads 6.1% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 78.98% and total cumulative return in cash sums $91,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,778/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1953
7,405 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: Mallori Hoffert • Century 21 ProLink
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830415