308 N 12th StClarindaIA51632
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 Clarinda at 308 N 12th St, Clarinda, IA, 51632 uses $41,438 cash to close to unlock $2,256/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,000/mo, and a $612/mo payment keeps the spread at $188/mo. Purchase price stands at $125,000, and rental yield measures 9.6% with $1,000/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 132.44% and total cumulative return in cash records $54,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,000/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,010 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51632, Clarinda, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 1,800 (61.3%) |
| Renter Occupied HU | 775 (26.4%) |
| Vacant Housing Units | 359 (12.2%) |
| Median Home Value | $146,361 |
| Average Home Value | $195,581 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,462
Multi-Family
143
Businesses
251
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices