109 E Clanton StSaint CharlesIA50240
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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 Saint Charles at 109 E Clanton St, Saint Charles, IA, 50240 priced at $230,000 converts $1,607/mo rent into $113/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,607/mo, and annual cash flow totals $1,356/yr on $76,245 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 8.38% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 112.76% and total cumulative return in cash sums $85,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,607/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1870
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50240, Saint Charles, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 771 (83.7%) |
| Renter Occupied HU | 100 (10.9%) |
| Vacant Housing Units | 50 ( 5.4%) |
| Median Home Value | $294,792 |
| Average Home Value | $384,351 |
Housing Distribution
Address Breakdown
Residential
912
Single Family
912
Multi-Family
0
Businesses
41
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Listed by: Sandy Delzell • Iowa Realty Indianola
Mls Name: DMMLS
Mls Provider:
Mls ID: #723151
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.