574 Lakeshore DrMccook LakeSD57049
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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 Mccook Lake at 574 Lakeshore Dr, Mccook Lake, SD, 57049 priced at $279,995 converts $2,484/mo rent into $638/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,484/mo, and annual cash flow totals $7,660/yr on $92,818 invested. Return on cash invested prints 28.16% in year one, and rental yield reads 10.65% against a $279,995 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,357 by year five. Five-year ROI reaches 147.65% and total cumulative return in cash sums $137,047. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,484/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 1992
5,227 sqft lot
$N/A/sqft
$230 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57049, North Sioux City, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,494 (100%) |
| Owner Occupied HU | 2,294 (65.7%) |
| Renter Occupied HU | 1,068 (30.6%) |
| Vacant Housing Units | 132 ( 3.8%) |
| Median Home Value | $447,794 |
| Average Home Value | $495,932 |
Housing Distribution
Address Breakdown
Residential
3,392
Single Family
2,685
Multi-Family
707
Businesses
446
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Listed by: Adam Stokes • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827683
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.