3912 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 3912 Dorothys Ln, Spirit Lake, IA, 51360 offers a 5.7% rental yield on a $442,000 purchase with $2,100/mo rent. 6% in year one. Equity gained on principal adds $2,852/yr while 5% annual appreciation supports $122,116 over five years. Portfolio math shows five-year ROI at 69.42% and total cumulative return in cash at $101,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $2,163/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
0.31 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: Ben Pruss • Real Estate Unlimited
Mls Name: Iowa Great Lakes BOR
Mls ID: #251563