621 E Lakeshore DrStorm 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
Rental property for sale in Storm Lake at 621 E Lakeshore Dr, Storm Lake, IA, 50588 priced at $369,000 pairs $2,912/mo rent with $516/mo cash flow after a $1,806/mo payment. Total monthly income equals $2,912/mo, and annual cash flow comes to $6,187/yr on $122,324 invested. Return on cash invested is 24.97% in year one, and rental yield stands at 9.47% on a $369,000 basis. Equity gained on principal adds $2,381/yr, and 5% annual appreciation accumulates to $101,948 by year five. Five-year ROI measures 130.38% and total cumulative return in cash reaches $159,483. For financing, Ziffy Mortgage’s DSCR program evaluates $2,912/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
7,405 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: Robert D Smith • Rob Smith Homes & Land
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830325