510 W 15th 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
Investment property for sale in Carroll at 510 W 15th St, Carroll, IA, 51401 uses $58,013 cash to close to unlock $3,636/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $857/mo payment keeps the spread at $303/mo. Purchase price stands at $175,000, and rental yield measures 9.87% with $1,440/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash records $79,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.31 Acres 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: Michael Franey • Mid-Iowa Real Estate
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6327873
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.