609 Lakeview 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
Investment property for sale in Mccook Lake at 609 Lakeview Dr, Mccook Lake, SD, 57049 listed at $425,000 pairs $3,004/mo rent with a $2,080/mo payment to leave $318/mo cash flow. Total monthly income runs $3,004/mo, and annual cash flow reaches $3,820/yr on $140,888 cash to close. Return on cash invested measures 22.62% in year one, and rental yield registers 8.48% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 117.57% and total cumulative return in cash totals $165,641. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,004/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
No 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: Aaron Tyler • Keller Williams Siouxland
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831065