903 Lakeshore DrLakesideIA50588
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
Investment property for sale in Lakeside at 903 Lakeshore Dr, Lakeside, IA, 50588 at $375,000 posts ROI 20.84% with $97/mo cash flow from $2,580/mo rent. Total monthly income equals $2,580/mo, and annual cash flow records $1,159/yr on $124,313 to close. Return on cash invested measures 20.84% and rental yield reads 8.26% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 108.42% and total cumulative return in cash totals $134,775.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,580/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
0.25 Acres 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: Steven Brashears • Compass Real Estate of NW IA
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #827816
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.