1844 Benjamin StCarrollIA51401
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
Investment Highlights
Investment property for sale in Carroll at 1844 Benjamin St, Carroll, IA, 51401 offers a 9.1% rental yield on a $189,900 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $929/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,486/yr on $62,952 to close, and return on cash invested stands at 23.86% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 124.48% and total cumulative return in cash at $78,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51401, Carroll, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,799 (100%) |
| Owner Occupied HU | 3,795 (65.4%) |
| Renter Occupied HU | 1,552 (26.8%) |
| Vacant Housing Units | 452 ( 7.8%) |
| Median Home Value | $220,132 |
| Average Home Value | $279,634 |
Housing Distribution
Address Breakdown
Residential
5,448
Single Family
4,566
Multi-Family
882
Businesses
638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick C O'Leary • Smart Moves Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327046
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.