2000 2nd Ave SClear 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
Rental property for sale in Clear Lake at 2000 2nd Ave S, Clear Lake, IA, 50428 generates $1,023/mo in rent and, after a $636/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,023/mo, and annual cash flow is $2,150/yr on $43,062 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 9.45% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 130.13% and total cumulative return in cash sums $56,035. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,023/mo property income rather than buyer’s personal income.
Single Family
Built in 1901
8,184 sqft 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: ROGER D FLIETH • Century 21 Preferred
Mls Name: Greater Mason BOR
Mls ID: #250592