1203 Avenue OCarter LakeIA51510
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1203 Avenue O, Carter Lake, IA, 51510 in Carter Lake speaks for itself: 14.38% gross on a $200,000 price, generating $2,396/mo in rent and $1,098/mo in net income after the $899/mo debt service. DSCR 2.67, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $13,170 stacks alongside $55,256 in projected five-year appreciation and $1,842/yr in principal reduction. Projected total cumulative return: $146,711.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 6.2% |
| Monthly Cash Flow | $1,098 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,396 |
| Total Monthly Debt Service | $1,219 |
| DSCR Ratio | 1.97x |
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 1959
6,098 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
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 1959
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Christensen • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-813
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.