1500 S Shore Dr LOT 4Clear LakeIA50428
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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 Clear Lake at 1500 S Shore Dr LOT 4, Clear Lake, IA, 50428 uses $64,643 cash to close to unlock $1,680/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,406/mo, and a $954/mo payment keeps the spread at $140/mo. Purchase price stands at $195,000, and rental yield measures 8.65% with $1,406/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 117.15% and total cumulative return in cash records $75,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,406/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 2019
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
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Listed by: N/A • N/A
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