502 Ferguson StCharles 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
Rental property for sale in Charles City at 502 Ferguson St, Charles City, IA, 50616 priced at $124,900 converts $989/mo rent into $178/mo cash flow after a $611/mo obligation. Total monthly income equals $989/mo, and annual cash flow totals $2,138/yr on $41,404 invested. Return on cash invested prints 25.07% in year one, and rental yield reads 9.5% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 131.05% and total cumulative return in cash sums $54,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $989/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1900
N/A 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: MATT HOLLISTER • American Realty & Mgmt Co
Mls Name: Greater Mason BOR
Mls ID: #250827