616 Russell StStorm LakeIA50588
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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 Storm Lake at 616 Russell St, Storm Lake, IA, 50588 listed at $166,000 pairs $1,330/mo rent with a $812/mo payment to leave $252/mo cash flow. Total monthly income runs $1,330/mo, and annual cash flow reaches $3,029/yr on $55,029 cash to close. Return on cash invested measures 25.41% in year one, and rental yield registers 9.61% at a $166,000 basis. Equity gained on principal adds $1,071/yr, and annual property appreciation at 5% supports $45,863 by year five. Five-year ROI tracks 132.83% and total cumulative return in cash totals $73,093. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,330/mo property income relative to a $812/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
5,730 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 |
Housing Distribution
Address Breakdown
Residential
4,706
Single Family
4,086
Multi-Family
620
Businesses
516
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Listed by: Clark E Fort • Century 21 The Professional Gr
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825754
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.