1405 Caroline AveClintonIA52732
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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 1405 Caroline Ave, Clinton, IA, 52732 uses $79,560 cash to close to unlock $816/yr annual cash flow and $68/mo monthly cash flow. Total monthly income runs $1,627/mo, and a $1,175/mo payment keeps the spread at $68/mo. Purchase price stands at $240,000, and rental yield measures 8.13% with $1,627/mo rent. Return on cash invested shows 20.93% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 108.74% and total cumulative return in cash records $86,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,627/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1941
N/A 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: Dennis Lauver • Coldwell Banker Howes & Jefferies REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4265003
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.