803 8th StCharles CityIA50616
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
Investment Highlights
Rental property for sale in Charles City at 803 8th St, Charles City, IA, 50616 offers $1,223/mo rent that, after a $734/mo payment, leaves $249/mo cash flow. Total monthly income is $1,223/mo, and annual cash flow is $2,990/yr on $49,692 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 9.79% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 135.59% and total cumulative return in cash reaches $67,379. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,223/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
9,757 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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Nearby investment properties with comparable prices
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