1302 Castle St #BLarchwoodIA51241
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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 Larchwood at 1302 Castle St #B, Larchwood, IA, 51241 listed at $387,700 pairs $2,048/mo rent with a $1,898/mo payment. Total monthly income runs $2,048/mo. Return on cash invested measures 15.52% in year one, and rental yield registers 6.34% at a $387,700 basis. Equity gained on principal adds $2,502/yr, and annual property appreciation at 5% supports $107,114 by year five. Five-year ROI tracks 79.7% and total cumulative return in cash totals $102,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,048/mo property income relative to a $1,898/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51241, Larchwood, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 783 (100%) |
| Owner Occupied HU | 621 (79.3%) |
| Renter Occupied HU | 113 (14.4%) |
| Vacant Housing Units | 49 ( 6.3%) |
| Median Home Value | $328,198 |
| Average Home Value | $331,272 |
Housing Distribution
Address Breakdown
Residential
584
Single Family
560
Multi-Family
24
Businesses
52
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