1183 Garfield AveClareIA50524
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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 Clare at 1183 Garfield Ave, Clare, IA, 50524 listed at $294,900 pairs $1,871/mo rent with a $1,443/mo payment. Total monthly income runs $1,871/mo. Return on cash invested measures 19.37% in year one, and rental yield registers 7.61% at a $294,900 basis. Equity gained on principal adds $1,903/yr, and annual property appreciation at 5% supports $81,475 by year five. Five-year ROI tracks 100.38% and total cumulative return in cash totals $98,131. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,871/mo property income relative to a $1,443/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50524, Clare, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 227 (100%) |
| Owner Occupied HU | 183 (80.6%) |
| Renter Occupied HU | 13 ( 5.7%) |
| Vacant Housing Units | 31 (13.7%) |
| Median Home Value | $289,773 |
| Average Home Value | $328,101 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
11
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