710 Geisinger Rd APT 7Storm 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 710 Geisinger Rd APT 7, Storm Lake, IA, 50588 listed at $115,000 pairs $916/mo rent with a $563/mo payment to leave $169/mo cash flow. Total monthly income runs $916/mo, and annual cash flow reaches $2,028/yr on $38,123 cash to close. Return on cash invested measures 25.23% in year one, and rental yield registers 9.56% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 131.76% and total cumulative return in cash totals $50,229. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $916/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
2,178 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: Selena Flores • Century 21 The Professional Gr
Mls Name: Northwest Iowa Regional BOR
Mls ID: #831378