2497 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 2497 Forest Reed Pl, Le Claire, IA, 52753 priced at $639,900 converts $5,016/mo rent into $819/mo cash flow after a $3,132/mo obligation. Total monthly income equals $5,016/mo, and annual cash flow totals $9,825/yr on $210,527 invested. Return on cash invested prints 24.73% in year one, and rental yield reads 9.41% against a $639,900 entry. Equity gained on principal adds $4,129/yr, while 5% annual appreciation compiles into $176,793 by year five. Five-year ROI reaches 129.13% and total cumulative return in cash sums $271,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,016/mo property income covering a $3,132/mo payment, not borrower’s personal income.
Single Family
Built in 1999
1.19 Acres lot
$N/A/sqft
$350 annually 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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Listed by: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261455
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