308 8th AveClarenceIA52216
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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 Clarence at 308 8th Ave, Clarence, IA, 52216 uses $48,068 cash to close to unlock $1,104/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $1,034/mo, and a $710/mo payment keeps the spread at $92/mo. Purchase price stands at $145,000, and rental yield measures 8.56% with $1,034/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash records $55,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,034/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1888
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52216, Clarence, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 473 (71.8%) |
| Renter Occupied HU | 156 (23.7%) |
| Vacant Housing Units | 30 ( 4.6%) |
| Median Home Value | $212,302 |
| Average Home Value | $250,233 |
Housing Distribution
Address Breakdown
Residential
432
Single Family
424
Multi-Family
8
Businesses
50
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Listed by: Emily Robison • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2408034
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.