223 S Locust StCarsonIA51525
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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 Carson at 223 S Locust St, Carson, IA, 51525 offers a 9.14% rental yield on a $125,000 purchase with $952/mo rent. Total monthly income registers $952/mo, and a $612/mo payment leaves $140/mo available for distribution. Annual cash flow reaches $1,680/yr on $41,438 to close, and return on cash invested stands at 23.96% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 124.94% and total cumulative return in cash at $51,773. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $952/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51525, Carson, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 399 (75.7%) |
| Renter Occupied HU | 88 (16.7%) |
| Vacant Housing Units | 40 ( 7.6%) |
| Median Home Value | $251,404 |
| Average Home Value | $289,336 |
Housing Distribution
Address Breakdown
Residential
333
Single Family
333
Multi-Family
0
Businesses
24
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