1206 Redick BlvdCarter 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
Rental property for sale in Carter Lake at 1206 Redick Blvd, Carter Lake, IA, 51510 generates $1,583/mo in rent and, after a $844/mo payment, leaves $463/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $5,556/yr on $57,184 invested. Return on cash invested sits at 29.63% in year one, and rental yield is 11.01% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 155.33% and total cumulative return in cash sums $88,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
N/A 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: Jay Kathol • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-2274