2294 Forest Reed PlLe ClaireIA52753
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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 Le Claire at 2294 Forest Reed Pl, Le Claire, IA, 52753 generates $3,374/mo in rent, after a $2,545/mo payment. Total monthly income is $3,374/mo. Return on cash invested sits at 20.04% in year one, and rental yield is 7.79% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 103.9% and total cumulative return in cash sums $177,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,374/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52753, Le Claire, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,590 (100%) |
| Owner Occupied HU | 2,079 (80.3%) |
| Renter Occupied HU | 330 (12.7%) |
| Vacant Housing Units | 181 ( 7.0%) |
| Median Home Value | $368,249 |
| Average Home Value | $415,228 |
Housing Distribution
Address Breakdown
Residential
2,378
Single Family
2,378
Multi-Family
0
Businesses
150
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