2700 N Shore Dr UNIT E18AClear 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 2700 N Shore Dr UNIT E18A, Clear Lake, IA, 50428 offers a 4.9% rental yield on a $235,000 purchase with $960/mo rent. 59% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 48.47% and total cumulative return in cash at $37,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$104 monthly 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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Listed by: N/A • N/A
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