304 8th 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 304 8th Ave, Charles City, IA, 50616 earns $402/mo cash flow from $1,165/mo rent with a $575/mo payment. Total monthly income totals $1,165/mo, and annual cash flow totals $4,824/yr on $38,951 capital. ROI tracks 32.29% on current figures, and rental yield reads 11.9% at a $117,500 purchase. Equity gained on principal adds $758/yr, and 5% annual appreciation supports $32,463 over five years. Five-year ROI reaches 169.66% and total cumulative return in cash sums $66,086. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,165/mo property income instead of your personal income.
Single Family
Built in 1910
8,276 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: Connie J Parson • Parson Real Estate
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255683