1201 Avenue PCarter LakeIA51510
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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 Carter Lake at 1201 Avenue P, Carter Lake, IA, 51510 offers a 9.97% rental yield on a $224,000 purchase with $1,861/mo rent. Total monthly income registers $1,861/mo, and a $1,096/mo payment leaves $407/mo available for distribution. Annual cash flow reaches $4,879/yr on $74,256 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,887 over five years. Portfolio math shows five-year ROI at 138.5% and total cumulative return in cash at $102,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,141 sqft lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,170
Multi-Family
314
Businesses
61
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Listed by: Melody Jordan • BHHS Ambassador Real Estate
Mls Name: GPRMLS
Mls ID: #22523802