1024 Shoal Pointe DrCarter LakeIA51510
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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 Carter Lake at 1024 Shoal Pointe Dr, Carter Lake, IA, 51510 listed at $389,000 pairs $1,880/mo rent with a $1,904/mo payment. Total monthly income runs $1,880/mo. Return on cash invested measures 13.89% in year one, and rental yield registers 5.8% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 70.99% and total cumulative return in cash totals $91,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,880/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1997
6,000 sqft lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,170
Multi-Family
314
Businesses
61
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Listed by: Marisa Cronin • Embarc Realty
Mls Name: SWIAR
Mls ID: #25-1329