409 8th AveClarenceIA52216
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
Rental property for sale in Clarence at 409 8th Ave, Clarence, IA, 52216 offers $1,460/mo rent that, after a $832/mo payment, leaves $356/mo cash flow. Total monthly income is $1,460/mo, and annual cash flow is $4,272/yr on $56,355 cash. Return on cash invested measures 27.49% in year one, and rental yield stands at 10.31% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 143.88% and total cumulative return in cash reaches $81,081. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,460/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emily Robison • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2406083
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.