908 Cachelin DrCarter LakeIA51510
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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 Carter Lake at 908 Cachelin Dr, Carter Lake, IA, 51510 generates $1,757/mo in rent and, after a $1,160/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,757/mo, and annual cash flow is $2,614/yr on $78,566 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 8.9% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 121.07% and total cumulative return in cash sums $95,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,757/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51510, Carter Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,108 (72.6%) |
| Renter Occupied HU | 335 (21.9%) |
| Vacant Housing Units | 84 ( 5.5%) |
| Median Home Value | $201,724 |
| Average Home Value | $226,685 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,170
Multi-Family
314
Businesses
61
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Listed by: Michael Christensen • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-1076
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.