503 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
Rental property for sale in Charles City at 503 8th Ave, Charles City, IA, 50616 generates $1,454/mo in rent and, after a $729/mo payment, leaves $487/mo in cash flow. Total monthly income is $1,454/mo, and annual cash flow is $5,839/yr on $49,394 invested. Return on cash invested sits at 31.73% in year one, and rental yield is 11.71% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 166.67% and total cumulative return in cash sums $82,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,454/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
6,141 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: Lori L Stewart • Stewart Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255945