3909 Dorothys LnSpirit LakeIA51360
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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 Spirit Lake at 3909 Dorothys Ln, Spirit Lake, IA, 51360 with 5% annual appreciation on a $379,290 basis while $2,746/mo rent supports operations. Total monthly income totals $2,746/mo and a $1,856/mo payment preserves $283/mo for cash returns. Annual cash flow comes to $3,398/yr on $125,735 deployed, and return on cash invested reaches 22.61% in year one. Equity gained on principal adds $2,448/yr, and five-year appreciation sums $104,791 alongside rental yield of 8.69%. Five-year ROI measures 117.77% and total cumulative return in cash totals $148,074.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,746/mo property income versus a $1,856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51360, Spirit Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 3,158 (43.5%) |
| Renter Occupied HU | 885 (12.2%) |
| Vacant Housing Units | 3,221 (44.3%) |
| Median Home Value | $353,365 |
| Average Home Value | $492,400 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,272
Multi-Family
510
Businesses
489
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Listed by: Nick Steffes • Integrity Real Estate
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #230219
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.