414 Park StLake ViewIA51450
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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 Lake View at 414 Park St, Lake View, IA, 51450 priced at $264,050 converts $1,099/mo rent into after a $1,292/mo obligation. Total monthly income equals $1,099/mo. Return on cash invested prints 11.47% in year one, and rental yield reads 4.99% against a $264,050 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation compiles into $72,952 by year five. Five-year ROI reaches 58% and total cumulative return in cash sums $50,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,099/mo property income covering a $1,292/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51450, Lake View, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,059 (100%) |
| Owner Occupied HU | 559 (52.8%) |
| Renter Occupied HU | 146 (13.8%) |
| Vacant Housing Units | 354 (33.4%) |
| Median Home Value | $232,843 |
| Average Home Value | $269,038 |
Housing Distribution
Address Breakdown
Residential
509
Single Family
509
Multi-Family
0
Businesses
76
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