1008 Ellis Dr APT 6Charles CityIA50616
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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 runs $706/mo, and a $668/mo payment. Purchase price stands at $136,500, and rental yield measures 6.21% with $706/mo rent. Return on cash invested shows 15.12% in year one, and 5% annual appreciation builds toward $37,712 over five years. Five-year ROI reaches 77.63% and total cumulative return in cash records $35,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $706/mo property income covering a $668/mo payment rather than investor’s personal income.
Condo
Built in 1975
7,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50616, Charles City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,851 (100%) |
| Owner Occupied HU | 3,118 (64.3%) |
| Renter Occupied HU | 1,283 (26.4%) |
| Vacant Housing Units | 450 ( 9.3%) |
| Median Home Value | $144,621 |
| Average Home Value | $199,722 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,122
Multi-Family
274
Businesses
392
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Listed by: KRYSTLE HESSE • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls ID: #250595