1416 Court AveCharitonIA50049
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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 Chariton at 1416 Court Ave, Chariton, IA, 50049 priced at $130,000 converts $1,017/mo rent into $173/mo cash flow after a $636/mo obligation. Total monthly income equals $1,017/mo, and annual cash flow totals $2,076/yr on $43,095 invested. Return on cash invested prints 24.73% in year one, and rental yield reads 9.39% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 129.07% and total cumulative return in cash sums $55,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,017/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1941
3,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50049, Chariton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,080 (100%) |
| Owner Occupied HU | 2,025 (65.7%) |
| Renter Occupied HU | 676 (21.9%) |
| Vacant Housing Units | 379 (12.3%) |
| Median Home Value | $131,671 |
| Average Home Value | $212,932 |
Housing Distribution
Address Breakdown
Residential
2,836
Single Family
2,639
Multi-Family
197
Businesses
269
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Listed by: Ray Thurlby • Iowa Realty - Chariton
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326196
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.