2506 S 32nd StClear LakeIA50428
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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 Clear Lake at 2506 S 32nd St, Clear Lake, IA, 50428 earns $220/mo cash flow from $2,234/mo rent with a $1,518/mo payment. Total monthly income totals $2,234/mo, and annual cash flow totals $2,636/yr on $102,831 capital. ROI tracks 22.47% on current figures, and rental yield reads 8.64% at a $310,200 purchase. Equity gained on principal adds $2,002/yr, and 5% annual appreciation supports $85,703 over five years. Five-year ROI reaches 117% and total cumulative return in cash sums $120,310. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,234/mo property income instead of your personal income.
Single Family
Built in 2020
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50428, Clear Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,980 (100%) |
| Owner Occupied HU | 3,140 (52.5%) |
| Renter Occupied HU | 1,090 (18.2%) |
| Vacant Housing Units | 1,750 (29.3%) |
| Median Home Value | $330,643 |
| Average Home Value | $446,903 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,426
Multi-Family
572
Businesses
427
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