308 5th Ave SClear LakeIA50428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 308 5th Ave S, Clear Lake, IA, 50428 uses $70,510 cash to close to unlock $1,400/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,498/mo, and a $1,041/mo payment keeps the spread at $117/mo. Purchase price stands at $212,700, and rental yield measures 8.45% with $1,498/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $58,765 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash records $80,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,498/mo property income covering a $1,041/mo payment rather than investor’s personal income.
Single Family
Built in 1949
3,920 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JESSICA SEARS • Realty One Group Welcome Home
Mls Name: Greater Mason BOR
Mls Provider:
Mls ID: #240336
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.