202 S Clark StCarrollIA51401
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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 Carroll at 202 S Clark St, Carroll, IA, 51401 priced at $168,000 converts $1,440/mo rent into $349/mo cash flow after a $822/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $4,190/yr on $55,692 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 10.29% against a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation compiles into $46,415 by year five. Five-year ROI reaches 143.66% and total cumulative return in cash sums $80,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $822/mo payment, not borrower’s personal income.
Single Family
Built in 1948
4,524 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
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Listed by: Patrick O'leary • Smart Moves Iowa Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6325759
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