201 S 3rd StClear 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 201 S 3rd St, Clear Lake, IA, 50428 uses $140,888 cash to close to unlock $9,720/yr annual cash flow and $810/mo monthly cash flow. Total monthly income runs $3,570/mo, and a $2,080/mo payment keeps the spread at $810/mo. Purchase price stands at $425,000, and rental yield measures 10.08% with $3,570/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 140.23% and total cumulative return in cash records $197,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,570/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 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: Cody Schoneman • Schoneman, REALTORS
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls ID: #6332181