1602 Clark StCharles CityIA50616
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.26% yield at 1602 Clark St, Charles City, IA, 50616 in Charles City is solid, but the $508/mo payment compresses net cash flow to $138/mo at $112,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $31,192 by year five, and $1,040/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.71) without U.S. income documentation. Total projected return: $51,833.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $138 | $300 |
City averages based on Charles City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $871 |
| Total Monthly Debt Service | $688 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHARLISA CIAVARELLI • Real Estate Property Solutions Llc
Mls Name: Greater Mason BOR
Mls ID: #250831