104 E Timber Creek DrCarrollIA51401
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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 104 E Timber Creek Dr, Carroll, IA, 51401 offers $1,440/mo rent that, after a $3,079/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 4.72% in year one, and rental yield stands at 2.75% at a $629,000 entry. Equity gained on principal adds $4,059/yr while 5% annual appreciation compounds into $173,781 by year five. Five-year ROI records 21.77% and total cumulative return in cash reaches $45,045. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $3,079/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.70 Acres 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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