1602 Clark StCharles CityIA50616
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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 Charles City at 1602 Clark St, Charles City, IA, 50616 offers a 9.26% rental yield on a $112,900 purchase with $871/mo rent. Total monthly income registers $871/mo, and a $553/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,648/yr on $37,426 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,192 over five years. Portfolio math shows five-year ROI at 126.93% and total cumulative return in cash at $47,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $871/mo property income against a $553/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50616, Charles City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,851 (100%) |
| Owner Occupied HU | 3,118 (64.3%) |
| Renter Occupied HU | 1,283 (26.4%) |
| Vacant Housing Units | 450 ( 9.3%) |
| Median Home Value | $144,621 |
| Average Home Value | $199,722 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,122
Multi-Family
274
Businesses
392
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Listed by: SHARLISA CIAVARELLI • Real Estate Property Solutions Llc
Mls Name: Greater Mason BOR
Mls ID: #250831