906 6th StSpirit LakeIA51360
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
Rental property for sale in Spirit Lake at 906 6th St, Spirit Lake, IA, 51360 generates $1,978/mo in rent, after a $1,596/mo payment. Total monthly income is $1,978/mo. Return on cash invested sits at 18.36% in year one, and rental yield is 7.28% on a $326,100 entry. Equity gained on principal adds $2,104/yr, while 5% annual appreciation builds toward $90,095 over five years. Five-year ROI reaches 94.95% and total cumulative return in cash sums $102,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,978/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51360, Spirit Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,264 (100%) |
| Owner Occupied HU | 3,158 (43.5%) |
| Renter Occupied HU | 885 (12.2%) |
| Vacant Housing Units | 3,221 (44.3%) |
| Median Home Value | $353,365 |
| Average Home Value | $492,400 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,272
Multi-Family
510
Businesses
489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A