414 E Lake St APT 2VenturaIA50482
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 414 E Lake St APT 2, Ventura, IA, 50482 in Ventura. Rental yield 3.48%. At $524,900 with 3.48% gross yield, current distributions are modest, but the 5% appreciation rate projects $145,020 in new equity by year five, complemented by $4,834/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.64) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $78,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 7.5% |
| Monthly Cash Flow | $(2,235) | $1,200 |
City averages based on Ventura market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,522 |
| Total Monthly Debt Service | $3,200 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50482, Ventura, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 316 (64.4%) |
| Renter Occupied HU | 44 ( 9.0%) |
| Vacant Housing Units | 131 (26.7%) |
| Median Home Value | $456,897 |
| Average Home Value | $513,109 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50482, Ventura, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 491 (100%) |
| Owner Occupied HU | 316 (64.4%) |
| Renter Occupied HU | 44 ( 9.0%) |
| Vacant Housing Units | 131 (26.7%) |
| Median Home Value | $456,897 |
| Average Home Value | $513,109 |
Housing Distribution
Address Breakdown
Residential
266
Single Family
266
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices