414 E Lake St APT 3VenturaIA50482
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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 Ventura at 414 E Lake St APT 3, Ventura, IA, 50482 offers a 3.04% rental yield on a $497,344 purchase with $1,258/mo rent. 02% in year one. Equity gained on principal adds $3,209/yr while 5% annual appreciation supports $137,407 over five years. Portfolio math shows five-year ROI at 13.64% and total cumulative return in cash at $22,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,258/mo property income against a $2,434/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$348 monthly 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
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Listed by: Karen Stephany • Century 21 Preferred Clear Lake
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250448
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