203 Lombard StClarenceIA52216
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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 Clarence at 203 Lombard St, Clarence, IA, 52216 at $215,000 posts ROI 22% with $124/mo cash flow from $1,520/mo rent. Total monthly income equals $1,520/mo, and annual cash flow records $1,488/yr on $71,273 to close. Return on cash invested measures 22% and rental yield reads 8.48% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 114.41% and total cumulative return in cash totals $81,541.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,520/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1908
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52216, Clarence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 473 (71.8%) |
| Renter Occupied HU | 156 (23.7%) |
| Vacant Housing Units | 30 ( 4.6%) |
| Median Home Value | $212,302 |
| Average Home Value | $250,233 |
Housing Distribution
Address Breakdown
Residential
432
Single Family
424
Multi-Family
8
Businesses
50
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