204 9th AveCharles 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 204 9th Ave, Charles City, IA, 50616 uses $43,095 cash to close to unlock $4,704/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $1,236/mo, and a $636/mo payment keeps the spread at $392/mo. Purchase price stands at $130,000, and rental yield measures 11.41% with $1,236/mo rent. Return on cash invested shows 30.82% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 161.73% and total cumulative return in cash records $69,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,236/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,621 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: Veronica A Litterer • Stewart Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255632