410 S Market StLake ParkIA51347
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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 Park at 410 S Market St, Lake Park, IA, 51347 uses $59,670 cash to close to unlock $3,288/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,443/mo, and a $881/mo payment keeps the spread at $274/mo. Purchase price stands at $180,000, and rental yield measures 9.62% with $1,443/mo rent. Return on cash invested shows 25.42% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 132.8% and total cumulative return in cash records $79,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,443/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1927
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51347, Lake Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 816 (100%) |
| Owner Occupied HU | 573 (70.2%) |
| Renter Occupied HU | 94 (11.5%) |
| Vacant Housing Units | 149 (18.3%) |
| Median Home Value | $234,639 |
| Average Home Value | $303,717 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
50
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Listed by: Suzanne Kern • eXp Realty - Spirit Lake
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250213
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.