318 E 3rd 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 318 E 3rd St, Carroll, IA, 51401 priced at $145,500 converts $1,440/mo rent into $495/mo cash flow after a $712/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $5,942/yr on $48,233 invested. Return on cash invested prints 32.23% in year one, and rental yield reads 11.88% against a $145,500 entry. Equity gained on principal adds $939/yr, while 5% annual appreciation compiles into $40,199 by year five. Five-year ROI reaches 169.4% and total cumulative return in cash sums $81,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $712/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,356 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: Joel Running • Kanne Realty & Associates
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327423
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.