1032 N 6th StCharitonIA50049
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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 Chariton at 1032 N 6th St, Chariton, IA, 50049 offers a 9.93% rental yield on a $362,500 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,774/mo payment leaves $646/mo available for distribution. Annual cash flow reaches $7,752/yr on $120,169 to close, and return on cash invested stands at 26.36% in year one. Equity gained on principal adds $2,339/yr while 5% annual appreciation supports $100,152 over five years. Portfolio math shows five-year ROI at 137.83% and total cumulative return in cash at $165,626. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,774/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50049, Chariton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,080 (100%) |
| Owner Occupied HU | 2,025 (65.7%) |
| Renter Occupied HU | 676 (21.9%) |
| Vacant Housing Units | 379 (12.3%) |
| Median Home Value | $131,671 |
| Average Home Value | $212,932 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,639
Multi-Family
197
Businesses
269
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