129 N 14th StClear LakeIA50428
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 129 N 14th St, Clear Lake, IA, 50428 in Clear Lake delivers $1,939/mo in gross rent and $455/mo in net monthly income at a $197,900 entry. The 10.55% yield and 2.18 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $54,676 over five years and $1,823/yr in equity from loan paydown, total projected return is $117,401.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.0% |
| Monthly Cash Flow | $455 | $250 |
City averages based on Clear Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,939 |
| Total Monthly Debt Service | $1,207 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
N/A 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
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
Single Family
Built in 1930
N/A 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: Jenna Sheriff • Jane Fischer & Associates Llc
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #250217
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.