1100 S Shore DrClear LakeIA50428
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 Clear Lake at 1100 S Shore Dr, Clear Lake, IA, 50428 generates $2,900/mo in rent, after a $2,931/mo payment. Total monthly income is $2,900/mo. Return on cash invested sits at 14.04% in year one, and rental yield is 5.81% on a $598,805 entry. Equity gained on principal adds $3,864/yr, while 5% annual appreciation builds toward $165,439 over five years. Five-year ROI reaches 71.71% and total cumulative return in cash sums $141,273. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50428, Clear Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,980 (100%) |
| Owner Occupied HU | 3,140 (52.5%) |
| Renter Occupied HU | 1,090 (18.2%) |
| Vacant Housing Units | 1,750 (29.3%) |
| Median Home Value | $330,643 |
| Average Home Value | $446,903 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,426
Multi-Family
572
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DODIE WILKINS • Century 21 Preferred
Mls Name: Greater Mason BOR
Mls ID: #250694