1203 Avenue OCarter 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 1203 Avenue O, Carter Lake, IA, 51510 at $200,000 posts ROI 39.76% with $1,097/mo cash flow from $2,396/mo rent. Total monthly income equals $2,396/mo, and annual cash flow records $13,164/yr on $66,300 to close. Return on cash invested measures 39.76% and rental yield reads 14.38% at the current $200,000. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 by year five. Five-year ROI prints 209.7% and total cumulative return in cash totals $139,028.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,396/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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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.