1604 Clark AveAmesIA50010
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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 Ames at 1604 Clark Ave, Ames, IA, 50010 uses $86,289 cash to close to unlock $2,706/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,916/mo, and a $1,274/mo payment keeps the spread at $226/mo. Purchase price stands at $260,300, and rental yield measures 8.83% with $1,916/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $71,916 over five years. Five-year ROI reaches 120.07% and total cumulative return in cash records $103,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,916/mo property income covering a $1,274/mo payment rather than investor’s personal income.
Single Family
Built in 1951
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50010, Ames, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,803 (100%) |
| Owner Occupied HU | 7,674 (48.6%) |
| Renter Occupied HU | 6,803 (43.0%) |
| Vacant Housing Units | 1,326 ( 8.4%) |
| Median Home Value | $278,739 |
| Average Home Value | $316,851 |
Housing Distribution
Address Breakdown
Residential
14,863
Single Family
11,095
Multi-Family
3,768
Businesses
1,547
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