1223 N 3rd StClintonIA52732
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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 Clinton at 1223 N 3rd St, Clinton, IA, 52732 uses $69,449 cash to close to unlock $9,574/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,158/mo, and a $1,025/mo payment keeps the spread at $798/mo. Purchase price stands at $209,500, and rental yield measures 12.36% with $2,158/mo rent. Return on cash invested shows 33.69% in year one, and 5% annual appreciation builds toward $57,881 over five years. Five-year ROI reaches 177.18% and total cumulative return in cash records $123,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,158/mo property income covering a $1,025/mo payment rather than investor’s personal income.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52732, Clinton, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,571 (100%) |
| Owner Occupied HU | 7,564 (60.2%) |
| Renter Occupied HU | 3,451 (27.5%) |
| Vacant Housing Units | 1,556 (12.4%) |
| Median Home Value | $156,796 |
| Average Home Value | $229,976 |
Housing Distribution
Address Breakdown
Residential
11,644
Single Family
10,798
Multi-Family
846
Businesses
779
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Listed by: Marina Baer • Ruhl&Ruhl REALTORS Clinton
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4254742
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.