414 E Lake St APT 8VenturaIA50482
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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
Rental property for sale in Ventura at 414 E Lake St APT 8, Ventura, IA, 50482 generates $947/mo in rent, after a $1,664/mo payment. Total monthly income is $947/mo. Return on cash invested sits at 6.48% in year one, and rental yield is 3.34% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 31.27% and total cumulative return in cash sums $35,231. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $947/mo property income rather than buyer’s personal income.
Condo
Built in 1977
435.60 sqft 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
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