709 E Carleton StToledoIA52342
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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 Toledo at 709 E Carleton St, Toledo, IA, 52342 offers $660/mo rent that, after a $534/mo payment. Total monthly income is $660/mo. Return on cash invested measures 18.3% in year one, and rental yield stands at 7.27% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 94.68% and total cumulative return in cash reaches $34,210. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $660/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52342, Toledo, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 957 (65.6%) |
| Renter Occupied HU | 366 (25.1%) |
| Vacant Housing Units | 136 ( 9.3%) |
| Median Home Value | $155,542 |
| Average Home Value | $189,825 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,210
Multi-Family
141
Businesses
117
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Listed by: Michael Wedmore • Wedmore Realty LLC
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320648
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.