415 N Shore DrClear LakeIA50428
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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 Clear Lake at 415 N Shore Dr, Clear Lake, IA, 50428 at $454,000 posts ROI 16.97% with from $2,580/mo rent. Total monthly income equals $2,580/mo. Return on cash invested measures 16.97% and rental yield reads 6.82% at the current $454,000. Equity gained on principal adds $2,930/yr, and 5% annual appreciation supports $125,432 by year five. Five-year ROI prints 87.49% and total cumulative return in cash totals $131,678. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,580/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50428, Clear Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,980 (100%) |
| Owner Occupied HU | 3,140 (52.5%) |
| Renter Occupied HU | 1,090 (18.2%) |
| Vacant Housing Units | 1,750 (29.3%) |
| Median Home Value | $330,643 |
| Average Home Value | $446,903 |
Housing Distribution
Address Breakdown
Residential
4,998
Single Family
4,426
Multi-Family
572
Businesses
427
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Listed by: JASON KIRKPATRICK • Century 21 Preferred Clear Lake
Mls Name: Greater Mason BOR
Mls ID: #250576