700 Iowa St, Saint Charles, IA, 50240 | $467/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Charles at 700 Iowa St, Saint Charles, IA, 50240 offers $1,928/mo rent that, after a $1,101/mo payment, leaves $467/mo cash flow. Total monthly income is $1,928/mo, and annual cash flow is $5,604/yr on $74,588 cash. Return on cash invested measures 27.42% in year one, and rental yield stands at 10.28% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 143.51% and total cumulative return in cash reaches $107,037. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,928/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Has a 16x36 addition on the back. Huge open kitchen with countertop/bar separating the kitchen from living room. Was 4 bed up, tore don a wall to make one huge room. 3 bed down. Walk out basement. Sold AS! Looking for a cash buyer. Close quickly. I am not doing any more repairs. The HVAC is up to date and has a humidifier added to it. Furnace runs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 50240, Saint Charles, IA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	921 (100%)
Owner Occupied HU	771 (83.7%)
Renter Occupied HU	100 (10.9%)
Vacant Housing Units	50 ( 5.4%)
Median Home Value	$294,792
Average Home Value	$384,351