425 240th Ave #300Arnolds ParkIA51331
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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
Total monthly income runs $1,680/mo, and a $2,716/mo payment. Purchase price stands at $555,000, and rental yield measures 3.63% with $1,680/mo rent. Return on cash invested shows 3.87% in year one, and 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 18.47% and total cumulative return in cash records $33,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $2,716/mo payment rather than investor’s personal income.
Condo
Built in 2007
4,356 sqft lot
$N/A/sqft
$6,480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51331, Arnolds Park, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,499 (100%) |
| Owner Occupied HU | 472 (31.5%) |
| Renter Occupied HU | 123 ( 8.2%) |
| Vacant Housing Units | 904 (60.3%) |
| Median Home Value | $423,944 |
| Average Home Value | $515,339 |
Housing Distribution
Address Breakdown
Residential
347
Single Family
347
Multi-Family
0
Businesses
112
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Listed by: Peggy Bergh-Kuker • Keller Williams Okoboji
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #250255
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