400 E North StLake CityIA51449
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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 Lake City at 400 E North St, Lake City, IA, 51449 with 5% annual appreciation on a $159,900 basis while $0/mo rent supports operations. 61% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51449, Lake City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 672 (68.6%) |
| Renter Occupied HU | 204 (20.8%) |
| Vacant Housing Units | 104 (10.6%) |
| Median Home Value | $179,310 |
| Average Home Value | $226,577 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
842
Multi-Family
36
Businesses
92
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Listed by: Emily Melody • Exit Realty Frontier
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325728
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