2846 260th StSaint CharlesIA50240
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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 Saint Charles at 2846 260th St, Saint Charles, IA, 50240 generates $4,457/mo in rent, after a $3,891/mo payment. Total monthly income is $4,457/mo. Return on cash invested sits at 16.82% in year one, and rental yield is 6.73% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 86.65% and total cumulative return in cash sums $226,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,457/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
9.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50240, Saint Charles, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 921 (100%) |
| Owner Occupied HU | 771 (83.7%) |
| Renter Occupied HU | 100 (10.9%) |
| Vacant Housing Units | 50 ( 5.4%) |
| Median Home Value | $294,792 |
| Average Home Value | $384,351 |
Housing Distribution
Address Breakdown
Residential
912
Single Family
912
Multi-Family
0
Businesses
41
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Listed by: Becky Knight • Iowa Realty Mills Crossing
Mls Name: DMMLS
Mls Provider:
Mls ID: #716163
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.