616 Lakeshore Dr, Lakeside, IA, 50588 | 2.86% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,735/mo, and a $3,568/mo payment. Purchase price stands at $729,000, and rental yield measures 2.86% with $1,735/mo rent. Return on cash invested shows 5.05% in year one, and 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 23.56% and total cumulative return in cash records $56,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $3,568/mo payment rather than investor’s personal income.

Single Family

Built in 1956

6,969 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 50588, Storm Lake, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,962 (100%)
Owner Occupied HU	2,950 (59.5%)
Renter Occupied HU	1,537 (31.0%)
Vacant Housing Units	475 ( 9.6%)
Median Home Value	$217,957
Average Home Value	$295,617