614 E Madison StLake CityIA51449
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 City at 614 E Madison St, Lake City, IA, 51449 offers $1,391/mo rent that, after a $734/mo payment, leaves $417/mo cash flow. Total monthly income is $1,391/mo, and annual cash flow is $5,006/yr on $49,692 cash. Return on cash invested measures 29.98% in year one, and rental yield stands at 11.14% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 157.35% and total cumulative return in cash reaches $78,191. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,391/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51449, Lake City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 672 (68.6%) |
| Renter Occupied HU | 204 (20.8%) |
| Vacant Housing Units | 104 (10.6%) |
| Median Home Value | $179,310 |
| Average Home Value | $226,577 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
842
Multi-Family
36
Businesses
92
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