Luxury - Phase II Plan, The Dwellings at Indian HillsSpirit LakeIA51360
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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
Total monthly income totals $2,317/mo, and annual cash flow totals $415/yr on $108,865 capital. ROI tracks 20.29% on current figures, and rental yield reads 8.47% at a $328,400 purchase. Equity gained on principal adds $2,119/yr, and 5% annual appreciation supports $90,731 over five years. Five-year ROI reaches 105.9% and total cumulative return in cash sums $115,284. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,317/mo property income instead of your personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$150 monthly 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
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Listed by: N/A • Steffes Companies, LLC
Mls Name: Steffes Companies, LLC
Mls ID: #N/A