115 W Clark StNorth EnglishIA52316
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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 North English at 115 W Clark St, North English, IA, 52316 offers $1,410/mo rent that, after a $1,468/mo payment. Total monthly income is $1,410/mo. Return on cash invested measures 13.42% in year one, and rental yield stands at 5.64% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 68.46% and total cumulative return in cash reaches $68,056. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,410/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52316, North English, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 771 (100%) |
| Owner Occupied HU | 562 (72.9%) |
| Renter Occupied HU | 158 (20.5%) |
| Vacant Housing Units | 51 ( 6.6%) |
| Median Home Value | $153,175 |
| Average Home Value | $256,232 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
566
Multi-Family
32
Businesses
48
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Listed by: Trent Forrest • Iowa Elite Marketing Group
Mls Name: Iowa City Area AOR
Mls ID: #202504781