202 Glen Oaks DrClear LakeIA50428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 202 Glen Oaks Dr, Clear Lake, IA, 50428 priced at $413,900 converts $3,176/mo rent into $193/mo cash flow after a $2,026/mo obligation. Total monthly income equals $3,176/mo, and annual cash flow totals $2,313/yr on $137,208 invested. Return on cash invested prints 21.59% in year one, and rental yield reads 9.21% against a $413,900 entry. Equity gained on principal adds $2,671/yr, while 5% annual appreciation compiles into $114,353 by year five. Five-year ROI reaches 113.21% and total cumulative return in cash sums $155,340. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,176/mo property income covering a $2,026/mo payment, not borrower’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$295 monthly 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: Dick Hayes • Lake-Iowa Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6313934
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-20 23:37:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#7734)