410/412 9th AveClarenceIA52216
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 410/412 9th Ave, Clarence, IA, 52216 in Clarence at $170,000 earns $1,118/mo in rent and nets $14/mo after the $764/mo payment, a 7.89% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $46,968 over five years. Ziffy Mortgage underwrites this on a 1.46 DSCR without U.S. credit history. With $1,566/yr in principal paydown, total projected return reaches $65,616.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $14 | $250 |
City averages based on Clarence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,118 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1977
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
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
Multi Family
Built in 1977
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