1115 Avenue K, Carter Lake, IA, 51510 | $60/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Carter Lake at 1115 Avenue K, Carter Lake, IA, 51510 uses $69,615 cash to close to unlock $720/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $1,028/mo payment keeps the spread at $60/mo. Purchase price stands at $210,000, and rental yield measures 8.99% with $1,574/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 109.71% and total cumulative return in cash records $76,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $1,028/mo payment rather than investor’s personal income.

Townhouse

Built in 2008

N/A lot

$N/A/sqft

$150 monthly 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