804 Parkside LnCharles 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 804 Parkside Ln, Charles City, IA, 50616 priced at $218,100 converts $2,594/mo rent into $1,178/mo cash flow after a $1,067/mo obligation. Total monthly income equals $2,594/mo, and annual cash flow totals $14,136/yr on $72,300 invested. Return on cash invested prints 39.46% in year one, and rental yield reads 14.27% against a $218,100 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation compiles into $60,257 by year five. Five-year ROI reaches 208.17% and total cumulative return in cash sums $150,507. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,594/mo property income covering a $1,067/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A 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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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A