221 Vermont AveClarenceIA52216
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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 Clarence at 221 Vermont Ave, Clarence, IA, 52216 generates $2,293/mo in rent and, after a $1,419/mo payment, leaves $410/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $4,920/yr on $96,135 invested. Return on cash invested sits at 25.03% in year one, and rental yield is 9.49% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 130.66% and total cumulative return in cash sums $125,608. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
2.84 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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