401 7th 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 401 7th Ave, Clarence, IA, 52216 uses $46,410 cash to close to unlock $3,660/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,214/mo, and a $685/mo payment keeps the spread at $305/mo. Purchase price stands at $140,000, and rental yield measures 10.41% with $1,214/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 145.49% and total cumulative return in cash records $67,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,214/mo property income covering a $685/mo payment rather than investor’s personal income.
Townhouse
Built in 1899
0.31 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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