222 W Grant StClarindaIA51632
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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
Total monthly income runs $1,800/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 5.08% with $1,800/mo rent. Return on cash invested shows 11.73% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 59.39% and total cumulative return in cash records $83,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1918
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51632, Clarinda, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 1,800 (61.3%) |
| Renter Occupied HU | 775 (26.4%) |
| Vacant Housing Units | 359 (12.2%) |
| Median Home Value | $146,361 |
| Average Home Value | $195,581 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,462
Multi-Family
143
Businesses
251
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