405 6th AveClarenceIA52216
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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 Clarence at 405 6th Ave, Clarence, IA, 52216 offers a 10.38% rental yield on a $150,000 purchase with $1,297/mo rent. Total monthly income registers $1,297/mo, and a $734/mo payment leaves $323/mo available for distribution. Annual cash flow reaches $3,876/yr on $49,725 to close, and return on cash invested stands at 27.7% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 145% and total cumulative return in cash at $72,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,297/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1888
0.27 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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