416 S Carolina AveMason CityIA50401
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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 Mason City at 416 S Carolina Ave, Mason City, IA, 50401 priced at $134,826 converts $1,432/mo rent into $556/mo cash flow after a $660/mo obligation. Total monthly income equals $1,432/mo, and annual cash flow totals $6,675/yr on $44,695 invested. Return on cash invested prints 34.84% in year one, and rental yield reads 12.75% against a $134,826 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,250 by year five. Five-year ROI reaches 183.42% and total cumulative return in cash sums $81,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,432/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1909
6,006 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50401, Mason City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,670 (100%) |
| Owner Occupied HU | 8,543 (58.2%) |
| Renter Occupied HU | 4,535 (30.9%) |
| Vacant Housing Units | 1,592 (10.9%) |
| Median Home Value | $167,855 |
| Average Home Value | $227,641 |
Housing Distribution
Address Breakdown
Residential
13,611
Single Family
11,798
Multi-Family
1,813
Businesses
1,100
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Listed by: SHANNON ANDERSON • Re/max Heartland Realtors
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250399
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.