601 N Jackson StCharles CityIA50616
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 601 N Jackson St, Charles City, IA, 50616 in Charles City the bet is firmly on appreciation. Rental yield 4.58%. The 4.58% gross yield on a $185,000 price is below income-first thresholds, but 5%/yr value growth projects $51,112 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.85) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $38,501.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.0% |
| Monthly Cash Flow | $(496) | $300 |
City averages based on Charles City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $706 |
| Total Monthly Debt Service | $1,128 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
9,452 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
9,452 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Veronica A Litterer • Stewart Realty Company
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20260456