1021 Simon AveCarrollIA51401
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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
Rental property for sale in Carroll at 1021 Simon Ave, Carroll, IA, 51401 offers $986/mo rent that, after a $636/mo payment, leaves $142/mo cash flow. Total monthly income is $986/mo, and annual cash flow is $1,706/yr on $43,062 cash. Return on cash invested measures 23.87% in year one, and rental yield stands at 9.11% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 124.58% and total cumulative return in cash reaches $53,647. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $986/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51401, Carroll, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,799 (100%) |
| Owner Occupied HU | 3,795 (65.4%) |
| Renter Occupied HU | 1,552 (26.8%) |
| Vacant Housing Units | 452 ( 7.8%) |
| Median Home Value | $220,132 |
| Average Home Value | $279,634 |
Housing Distribution
Address Breakdown
Residential
5,448
Single Family
4,566
Multi-Family
882
Businesses
638
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Listed by: Carrie Riesberg • Riesberg Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326271
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.