3713 N 17th StCarter LakeIA51510
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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
Total monthly income runs $2,210/mo, and a $2,251/mo payment. Purchase price stands at $460,000, and rental yield measures 5.77% with $2,210/mo rent. Return on cash invested shows 13.79% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 70.43% and total cumulative return in cash records $107,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51510, Carter Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,108 (72.6%) |
| Renter Occupied HU | 335 (21.9%) |
| Vacant Housing Units | 84 ( 5.5%) |
| Median Home Value | $201,724 |
| Average Home Value | $226,685 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,170
Multi-Family
314
Businesses
61
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #25-115