1620 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 1620 N 3rd St, Clinton, IA, 52732 uses $46,377 cash to close to unlock $2,018/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,077/mo, and a $685/mo payment keeps the spread at $168/mo. Purchase price stands at $139,900, and rental yield measures 9.24% with $1,077/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $58,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,077/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1929
6,534 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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