908 9th StCharles CityIA50616
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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
Investment property for sale in Charles City at 908 9th St, Charles City, IA, 50616 listed at $199,900 pairs $2,773/mo rent with a $978/mo payment to leave $1,475/mo cash flow. Total monthly income runs $2,773/mo, and annual cash flow reaches $17,702/yr on $66,267 cash to close. Return on cash invested measures 46.62% in year one, and rental yield registers 16.65% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 246.55% and total cumulative return in cash totals $163,381. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,773/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
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: Jon Hepperly • Century 21 Preferred
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #240494
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.