1018 Shoal Pointe Dr, Carter Lake, IA, 51510 | 4.17% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Carter Lake at 1018 Shoal Pointe Dr, Carter Lake, IA, 51510 listed at $420,000 pairs $1,458/mo rent with a $2,056/mo payment. Total monthly income runs $1,458/mo. Return on cash invested measures 7.11% in year one, and rental yield registers 4.17% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 35.27% and total cumulative return in cash totals $49,111. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,458/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1996

6,272 sqft lot

$N/A/sqft

$215 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 51510, Carter Lake, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,527 (100%)
Owner Occupied HU	1,108 (72.6%)
Renter Occupied HU	335 (21.9%)
Vacant Housing Units	84 ( 5.5%)
Median Home Value	$201,724
Average Home Value	$226,685