111 Broadway StCharlotteIA52731
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 111 Broadway St, Charlotte, IA, 52731 in Charlotte is straightforward: $219,000 in, $1,838/mo in rent, $416/mo out after debt service. The 10.07% gross yield and 1.87 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $60,506 by year five. With $2,017/yr in principal equity, the total cumulative return is projected at $110,086.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $416 | $250 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,838 |
| Total Monthly Debt Service | $1,335 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1908
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52731, Charlotte, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 272 (78.8%) |
| Renter Occupied HU | 53 (15.4%) |
| Vacant Housing Units | 20 ( 5.8%) |
| Median Home Value | $195,089 |
| Average Home Value | $251,627 |
Housing Distribution
Address Breakdown
Residential
288
Single Family
288
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1908
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52731, Charlotte, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 345 (100%) |
| Owner Occupied HU | 272 (78.8%) |
| Renter Occupied HU | 53 (15.4%) |
| Vacant Housing Units | 20 ( 5.8%) |
| Median Home Value | $195,089 |
| Average Home Value | $251,627 |
Housing Distribution
Address Breakdown
Residential
288
Single Family
288
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
