403 N Lake StLake MillsIA50450
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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 Mills at 403 N Lake St, Lake Mills, IA, 50450 earns $318/mo cash flow from $1,195/mo rent with a $661/mo payment. Total monthly income totals $1,195/mo, and annual cash flow totals $3,816/yr on $44,753 capital. ROI tracks 28.44% on current figures, and rental yield reads 10.62% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 148.95% and total cumulative return in cash sums $66,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,195/mo property income instead of your personal income.
Single Family
Built in 1958
5,096 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50450, Lake Mills, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 869 (63.9%) |
| Renter Occupied HU | 362 (26.6%) |
| Vacant Housing Units | 130 ( 9.6%) |
| Median Home Value | $159,606 |
| Average Home Value | $189,750 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,201
Multi-Family
59
Businesses
127
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Listed by: Lucas Schuster • Leland Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6805836