1218 Dorene Blvd, Carter Lake, IA, 51510 | $679/mo Cash Flow

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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 1218 Dorene Blvd, Carter Lake, IA, 51510 uses $76,245 cash to close to unlock $8,148/yr annual cash flow and $679/mo monthly cash flow. Total monthly income runs $2,173/mo, and a $1,126/mo payment keeps the spread at $679/mo. Purchase price stands at $230,000, and rental yield measures 11.34% with $2,173/mo rent. Return on cash invested shows 30.6% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 160.54% and total cumulative return in cash records $122,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,173/mo property income covering a $1,126/mo payment rather than investor’s personal income.

Single Family

Built in 1962

6,552 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