435 240th Ave #301Arnolds 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
Investment property for sale in Arnolds Park at 435 240th Ave #301, Arnolds Park, IA, 51331 earns from $1,680/mo rent with a $2,667/mo payment. Total monthly income totals $1,680/mo. ROI tracks 2.22% on current figures, and rental yield reads 3.7% at a $544,900 purchase. Equity gained on principal adds $3,516/yr, and 5% annual appreciation supports $150,546 over five years. Five-year ROI reaches 10.32% and total cumulative return in cash sums $18,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.
Condo
Built in 2007
4,356 sqft lot
$N/A/sqft
$9,680 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: Aaron Jones • RE/MAX Lakes Realty
Mls Name: Iowa Great Lakes BOR
Mls Provider:
Mls ID: #240984
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.