938 Leona CirStorm 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 938 Leona Cir, Storm Lake, IA, 50588 earns $663/mo cash flow from $3,127/mo rent with a $1,857/mo payment. Total monthly income totals $3,127/mo, and annual cash flow totals $7,954/yr on $125,804 capital. ROI tracks 26.23% on current figures, and rental yield reads 9.89% at a $379,500 purchase. Equity gained on principal adds $2,449/yr, and 5% annual appreciation supports $104,849 over five years. Five-year ROI reaches 137.14% and total cumulative return in cash sums $172,524. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,127/mo property income instead of your personal income.
Single Family
Built in 1996
0.36 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: Marv A Munden • Real Estate Specialists
Mls Name: Northwest Iowa Regional BOR
Mls ID: #830074